Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX, has been arrested in the Bahamas, the Bahamas Attorney General's Office announced.
Bahamian Attorney General Ryan Pinder said the Bahamas would "promptly" extradite Bankman-Fried to the U.S. Janice Yu reports.The former CEO of failed cryptocurrency 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. 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.
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Former FTX CEO Sam Bankman-Fried arrested in Bahamas | EngadgetThe Bahamas Attorney General's Office announced Monday that Bankman-Fried has been arrested there and is likely to be extradited in short measure back to the US to stand trial.
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Former FTX CEO Sam Bankman-Fried arrested in the BahamasNEW YORK (AP) — The former CEO of failed crypto firm FTX Sam Bankman-Fried has been arrested in the Bahamas at the request of the U.S. government, the U.S. attorney’s office in New York said Monday.
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