FTX Founder Sam Bankman-Fried Arrested in the Bahamas


New York

Sam Bankman-Fried, the founder of failed crypto exchange FTX, was arrested in the Bahamas on Monday after U.S. prosecutors filed criminal charges against him, according to a Bahamian government statement.

The Southern District of New York, which is investigating Bankman-Fried and the collapse of FTX, confirmed his arrest on Twitter.

“Earlier tonight, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. government, based on a sealed indictment filed by SDNY,” wrote U.S. Attorney Damian Williams. “We expect to unseal the indictment in the morning and we will have more to say then.”

A representative of Bankman-Fried’s legal team did not immediately respond to CNN’s request for comment.

This is story develops. It will be updated.



Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button