The Bahamian government has announced it has arrested former FTX CEO Sam Bankman-Fried soon after the United States launched an indictment and will most likely seek out extradition.
On the morning of December 13 (Vietnam time), the government of the island nation of the Bahamas in the Caribbean, wherever the headquarters of cryptocurrency exchange FTX is positioned, filed for bankruptcy in November, saying it arrested former CEO Sam Bankman – Fried.
The Bahamas announced the arrest warrant was issued soon after it obtained information and facts from the United States that authorities had filed a complaint towards Sam Bankman-Fried and had been most likely to request extradition.
On the 12th, the Bahamian Attorney General’s Office is the December 2022 Royal Bahamian Police arrest of Sam Bankman-Fried (“SBF”), former Chief Executive Officer of FTX. pic.twitter.com/CRNeLPAbVp
— Latrae L. Rahming (DOC)🇧🇸 (@latraelrahming) December 12, 2022
Prime Minister Philip Davis of the Bahamas mentioned:
“The Bahamas and the US share a prevalent wish to hold persons linked to FTX for betraying users’ believe in and breaking the law. While the US has its personal criminal actions towards Sam Bankman-Fried, the Bahamas will proceed its independent investigation into the FTX exchange crash.”
The over information was also confirmed by the Southern District of New York Attorney’s Office:
US Damian Williams: Authorities in the Bahamas arrested Samuel Bankman-Fried this evening at the request of the US government, based mostly on a sealed indictment filed by the SDNY. We assume to move to open the indictment in the morning and have a lot more to say by then.
— US Attorney SDNY (@SDNYnews) December 12, 2022
“Tonight, Bahamian authorities arrested Sam Bankman-Fried at the request of US authorities, based mostly on a sealed indictment filed with the Attorney’s Office. We program to declassify the allegation and deliver a lot more information and facts.”
Thus, former FTX CEO Sam Bankman-Fried was arrested just 31 days soon after filing for bankruptcy for the exchange he founded, the investment fund Alameda Research and a network of a lot more than 130 branches.
It is unclear with his arrest, regardless of whether Mr. Sam Bankman-Fried will be in a position to seem at a hearing ahead of the US House of Representatives Committee on Financial Services to be held tonight (Vietnam time).
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