The founder of bankrupt cryptocurrency exchange FTX has reportedly been arrested in the Bahamas, ahead of possible extradition to the United States.
Sam Bankman-Fried was arrested in the Bahamas on Monday, according to a statement being attributed to the nation’s government and widely reported by global media.
The statement said Mr Bankman-Fried, whose business was based in the Bahamas, has been detained there as the US files criminal charges against him.
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FTX declared bankruptcy in early November, after revelations about its business practices led to a run on funds by customers.
It collapsed less than three years after the cryptocurrency exchange set up by tech wunderkind Sam Bankman-Fried and his partnersZixiao “Gar…
Read the full article at: https://www.abc.net.au/news/2022-12-13/ftx-sam-bankman-fried-arrested-bahamas-extradition-us-criminal/101765302