Sam Bankman Fried (SBF), CEO of bankrupt cryptocurrency exchange FTX, has been arrested in the Bahamas following a US criminal complaint.
Written by Ryan Pinder, Attorney General of the Bahamas in the statementIt was stated that Bankman-Fried, the former CEO of FTX, was arrested by the Bahamas police. In the statement, it was stated that Bankman-Fried’s arrest was made after the official notification of the US criminal complaint and possible extradition request. It was stated that the Bahamas will process the extradition request “immediately”.
According to a report in The New York Times, US prosecutors brought very serious accusations to the CEO of the bankrupt stock market. Among these accusations fraudmaking collusion for fraud, securities fraud and colluding for securities fraud.
US prosecutor Damian Williams made by in the statement “We will have more to say” statement was included.
Bahamian Prime Minister Philip Davis said in a statement that both countries “have a common interest in holding accountable any individuals associated with FTX who may have betrayed public trust and broken the law.”