Sam Bankman-Fried, the founder of FTX, arrested in the Bahamas after the US files criminal charges
Join Our Telegram channel to stay up to date on breaking news coverage Sam Bankman-Fried, the founder of FTX, was detained by Bahamian authorities on Monday night after the Southern District of New York’s US Attorney shared a sealed indictment with them, paving the way for his extradition and eventual trial in the US. He was the driving force behind the collapse of the crypto exchange. His arrest marks the authorities’ first significant step toward holding people accountable for the multibillion-dollar collapse of FTX last month. Bankman-Fried was scheduled to appear before the House Financial Services Committee on Tuesday before his arrest was made public, but his attorneys have announced that he will not be there. His arrest “surprised” Rep. Maxine Waters, D-Calif., who chairs that committee, who expressed disappointment that Congress wouldn’t be able to hear from him on Tuesday. The federal government planned to “unseal the indictment ...