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Sam Bankman-Fried, ex-CEO of FTX, arrested in the Bahamas

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The former CEO of bankrupt cryptocurrency firm FTX has been arrested in the Bahamas, according to a statement released Monday by that country’s government.

The Bahamas attorney general said in a statement on Monday that Sam Bankman-Fried was arrested at the request of the United States.

“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,” Prime Minister Philip Davis said in a statement.

The attorney general’s office said it planned to extradite Mr Bankman-Fried to the United States upon official request.

“They shot ‘Mini’ in the Bahamas,” Fox News Channel host Jesse Waters sang, using a shortened form of his nickname for Mr. Bankman-Fried – “Mini-Madoff.”

FTX filed for bankruptcy on November 11, when the company ran out of money after the cryptocurrency equivalent of a bank run.



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