Sam Bankman-Fried Arrested in the Bahamas

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The Bahamas attorney general’s office on Monday announced the arrest of former FTX CEO Sam Bankman-Fried pending extradition to the United States, weeks after his cryptocurrency exchange spectacularly collapsed.

U.S. Attorney Damian Williams confirmed the arrest in a statement on Twitter.

“Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. 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,” Williams said.

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