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.