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Sam Bankman-Fried Arrested in Bahamas

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Sam Bankman-Fried Arrested in Bahamas


Sam Bankman-Fried, the previous CEO of the bankrupt crypto trade FTX, was once arrested within the Bahamas on Monday in line with a sealed indictment.

Damian Williams, the U.S. Legal professional for the Southern District of New York, mentioned on Twitter that Bahamian government had made the arrest.

“Previous this night, Bahamian government arrested Samuel Bankman-Fried on the request of the U.S. Executive, in line with a sealed indictment filed through the SDNY,” Williams mentioned. “We predict to transport to unseal the indictment within the morning and could have extra to mention at the moment.”

Bankman-Fried was once anticipated to testify on Tuesday to a listening to prior to the Area Monetary Products and services Committee, which is taking a look into the cave in of FTX.

The Bahamian executive mentioned Monday that it had gained realize from U.S. government that fees had been filed. As soon as an extradition request has been filed, the Bahamas expects to procedure it “promptly.”

“The Bahamas and the USA have a shared passion in keeping responsible all folks related to FTX who will have betrayed the general public believe and damaged the legislation,” mentioned Philip Davis, the top minister of the Bahamas, in a observation.

He added that the Bahamas would proceed to pursue its personal investigation into the corporate.

Since FTX imploded remaining month, Hollywood has been keen to snap up variations of the tale, given the good fortune of tasks like “The Dropout,” “Inventing Anna” and “WeCrashed.”

Bankman-Fried has given a sequence of interviews in contemporary weeks, together with one through which George Stephanopoulos requested him if he was once frightened about going to prison.

“There are a large number of issues which are being worried me at the moment,” Bankman-Fried mentioned. “As very best as imaginable I’m attempting to concentrate on what I will be able to do going ahead to be useful, and let no matter regulatory and felony processes play out as they’re going to.”



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