Bahamian authorities arrest former FTX CEO Sam Bankman-Fried
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...
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).
Synthetic currency68
Maybe you are interested:
More From Crypto News
Bitcoin Refuses to Break: @jvisserlabs on Market Resilience
Bitcoin is holding where many expected it to crack. Crypto analyst @jvisserlabs flagged the pattern on X, pointing out that Bitcoin’s repeated refusal to break...
Ethereum Exchange Withdrawals Hit Four-Month High: Santiment
Ethereum exchanges recorded a one-day net withdrawal of 169,770 ETH, the largest single-day outflow in more than four months, on-chain analytics firm Santiment...
Bitcoin ETFs See $773M Two-Day Outflows as BTC Tests $80K
Bitcoin spot ETFs recorded a combined $773 million in net outflows across two consecutive trading sessions, coinciding with Bitcoin probing the $80,000 price le...
Initia Halts After Hacker Mints $2.7M in Crypto
A reported exploit on the Initia blockchain has allegedly allowed an attacker to mint approximately $2. 7 million in unauthorized crypto, forcing the network to...
BlackRock Bitcoin ETF Caps Gains to Cushion Losses
BlackRock has filed for a Bitcoin ETF that caps how much investors can gain in exchange for cushioning a portion of potential losses, a structure that trades Bi...
Coinbase Halts GYEN Transfers, Plans USDC Balance Conversion
Coinbase will halt transfers of the yen-pegged stablecoin GYEN on Oct. 26 and plans to convert remaining customer balances into USDC at market rates, according...
