FTX's Sam Bankman-Fried arrested in Bahamas at request of US authorities

United States News News

FTX's Sam Bankman-Fried arrested in Bahamas at request of US authorities
United States Latest News,United States Headlines
  • 📰 FOX29philly
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Bankman-Fried is under criminal investigation by U.S. and Bahamian authorities following the collapse last month of FTX.

firm FTX, Sam Bankman-Fried, has been arrested in the Bahamas at the request of the U.S. government, U.S. and Bahamian authorities said Monday.

"We expect to move to unseal the indictment in the morning and will have more to say at that time," Williams said. A spokesman for Bankman-Fried had no comment Monday evening. Bankman-Fried has a right to contest his extradition, which could delay but not likely stop his transfer to the U.S.Bankman-Fried’s arrest comes just a day before he was due to testify in front of the House Financial Services Committee. Rep. Maxine Waters, D-Calif., chairwoman of the committee, said she was "disappointed" that the American public, and FTX's customers, would not get to see Bankman-Fried testify under oath.

That all unraveled quickly last month, when reports called into question the strength of FTX’s balance sheet. Customers moved to withdraw billions of dollars, but FTX could not meet all the requests because it apparently used its customers deposits to cover bad bets at Bankman-Fried’s investment arm, Alameda Research.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FOX29philly /  🏆 570. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top US Lawmaker Says FTX Hearing Will Continue Without Sam Bankman-FriedTop US Lawmaker Says FTX Hearing Will Continue Without Sam Bankman-FriedHouse Financial Services Committee Chairwoman RepMaxineWaters was 'disappointed' that arrested SBF_FTX wouldn't appear at the FTX hearing scheduled for Tuesday. Reports egreechee
Read more »

SEC authorizes separate charges against FTX founder Sam Bankman-FriedThe SEC announces it has authorized charges against FTX founder Sam Bankman-Fried hours after his arrest in the Bahamas
Read more »

FTX Founder Sam Bankman-Fried Live InterviewFTX Founder Sam Bankman-Fried Live InterviewWatch Forbes Digital Assets Director Of Research’s live interview FTX Founder Sam Bankman-Fried
Read more »

FTX founder Sam Bankman-Fried arrested in Bahamas after U.S. authorities file criminal chargesFTX founder Sam Bankman-Fried arrested in Bahamas after U.S. authorities file criminal chargesBahamian authorities said they moved to arrest the FTX founder and former crypto billionaire after being notified that U.S. law enforcement officials had filed criminal charges and would seek his extradition.
Read more »

FTX founder Sam Bankman-Fried arrested in BahamasFTX founder Sam Bankman-Fried arrested in BahamasOfficials arrested crypto exchange founder Sam Bankman-Fried in the Bahamas after the United States filed criminal charges against him and requested extradition.
Read more »

Senators slam Sam Bankman-Fried for refusing to testify before banking panel on FTX collapseSenators slam Sam Bankman-Fried for refusing to testify before banking panel on FTX collapseSenators Sherrod Brown and Pat Toomey said ex-FTX CEO Sam Bankman-Fried declined to testify at a committee hearing in 'an unprecedented abdication of accountability.'
Read more »



Render Time: 2025-02-22 15:34:12