Bahamian authorities arrested former FTX founder and CEO Sam Bankman-Fried Monday evening. The development comes the day before Bankman-Fried had agreed to testify before the U.S. House Financial Services Committee regarding the collapse of his Nassau-based exchange. According to a statement shared by the Bahamian Office of the Attorney General & Ministry of Legal Affairs, the Royal Bahamas Police detained Bankman-Fried following receipt of formal notification from the United States it has… Source link
Read More »Former FTX CEO Bankman-Fried arrested in Bahamas after U.S. files charges
By Jasper Ward, Luc Cohen and Angus Berwick (Reuters) -FTX founder Sam Bankman-Fried was arrested in the Bahamas at the behest of U.S. prosecutors on Monday, the day before he was due to testify before Congress about the abrupt failure last month of one of the world’s largest cryptocurrency exchanges. The arrest marks a stunning fall from grace for the 30-year-old entrepreneur who rode a boom in bitcoin and other digital assets to become a billionaire many times over until FTX’s rapid… Source link
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