The giant cryptocurrency exchange that had to file for bankruptcy protection last month of FTX founder and former boss Sam Bankman-FriedHours before he testified before the Senate, he was arrested in the Bahamas.
The SBF has been arrested by the country’s Royal Police due to a criminal complaint filed by American officials, according to a statement from the Bahamian Attorney General, Attorney General Ryan Pinder. Pinder stated that as soon as an extradition request is received from the USA, they will accept it and immediately transfer Bankman-Fried to the United States.
According to sources, the boss of the failed stock market was detained by law enforcement on the following charges:
- Wire transfer and securities fraud
- Conspiracy to launder money
US government sources confirmed the news of the arrest. The New York Southern Attorney General’s Office announced on its Twitter account that SBF was arrested as part of the indictment.
USA Damian Williams: Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the US Government, based on a sealed indictment filed by the SDNY. We expect to move to unseal the indictment in the morning and will have more to say at that time.
— US Attorney SDNY (@SDNYnews) December 12, 2022
Bahamas Prime Minister Philip Davis, on the other hand, referred to the common interest of the two countries.
“It is in our greatest common interest to hold accountable all FTX actors who have broken the law and damaged public trust.”
SBF: I Will Not Attend Senate Hearing
Bankman-Fried announced in a recent Twitter Spaces voice chat yesterday evening that he is not yet planning to attend the Senate hearing in the US, which will be held hours later. After the contradictory statements he made, there was a great reaction against SBF on social media.
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