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Sam Bankman-Fried, founder of bankrupt crypto trading firm FTX and former Democratic sugar daddy, was arrested in the Bahamas on Monday evening at the request of the U.S. Government.
According to United States Attorney for the Southern District of New York Damian Willaims, the arrest was based on a sealed indictment filed by the Southern District of New York, which is expected to be unsealed in the morning.
Bahamian authorities expect the U.S. government to request extradition, setting the stage for Bankman-Fried to be tried in New York.
“The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law,” Bahamian Prime Minister Philip Davis said in a statement. “While the United States is pursuing criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere,” continued the statement.
The charges against Bankman-Fried have not yet been revealed.
December 12, 2022 at 06:52PM - The First
BUSTED! FTX Founder Sam Bankman-Fried Arrested in the Bahamas
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