Sam Bankman-Fried is ARRESTED in the Bahamas

Sam Bankman-Fried, the disgraced former CEO of FTX, has been arrested. 

The crypto billionaire, 30, was arrested in The Bahamas – where he has been hiding out since his empire came crashing down last month – and is facing criminal charges. 

American prosecutors have filed the charges against the FTX founder, and is ‘likely to request his extradition.’  

In a statement, Bahamian Prime Minister Philip Davis said: ‘The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law. 

‘While the United States is pursuing criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere.’ 

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Sam Bankman-Fried, the disgraced former CEO of FTX , has been arrested