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Former FTX CEO Sam Bankman-Fried Arrested, Bahamian Authorities Say

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Sam Bankman-Fried, the founder and former CEO of crypto giant FTX, has been arrested in the Bahamas after U.S. authorities filed criminal charges against him, the country’s attorney general announced Monday.

A statement from Attorney General Ryan Pinder did not specify what the charges were, but said US authorities should seek his extradition.

“The Bahamas and the United States have a common interest in holding accountable anyone associated with FTX who may have betrayed the public trust and broken the law,” Bahamas Prime Minister Philip Davis said in a statement. .

The statement adds that while U.S. authorities are pursuing criminal charges, the Bahamas is pursuing a regulatory and criminal investigation into the company’s sudden collapse.

Bankman-Fried moved the once massive digital currency exchange, which filed for bankruptcy last month, from Hong Kong to the Bahamas last year.

Bankman-Fried previously said he “didn’t try to defraud anyone.”

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