Sam Bankman-Fried arrested in the Bahamas as criminal charges loom

Arrest just 24 hours before founder of cryptocurrency exchange was to testify before US Congress

The Bahamas police have arrested former FTX CEO Sam Bankman-Fried, the country’s attorney general said in a statement on Monday, adding that the Bahamas has received formal notification from the US of criminal charges against him.

Bankman-Fried is expected to be extradited to the US, the attorney general’s office for the Bahamas told Reuters, but declined to comment on what the charges were.

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Arrest just 24 hours before founder of cryptocurrency exchange was to testify before US Congress
The Bahamas police have arrested former FTX CEO Sam Bankman-Fried, the country’s attorney general said in a statement on Monday, adding that the Bahamas has received formal notification from the US of criminal charges against him.
Bankman-Fried is expected to be extradited to the US, the attorney general’s office for the Bahamas told Reuters, but declined to comment on what the charges were. Continue reading…Technology | The Guardian

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