Sam Bankman-Fried, founder of the cryptocurrency exchange FTX, which suffered a colossal collapse this year, was arrested in the Bahamas on Monday. He is now facing criminal charges in the United States, according to a Bahamian official.
The Attorney General of the Bahamas, through spokesman Latrae Rahming, posted a statement on Twitter detailing the arrest. Bankman-Fried, commonly known as SBF, lives in the Bahamas, where the cryptocurrency exchange was also based.
“SBF’s arrest followed receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition,” the statement reads.
The U.S. Attorney for the Southern District of New York later tweeted that his office had filed a sealed indictment, which led to the arrest.
“We expect to move to unseal the indictment in the morning and will have more to say at that time,” Damian Williams said in a tweet from the office’s official Twitter account.
The Securities and Exchange Commission and the Justice Department are investigating the company, and the New York Times reported last week that Manhattan-based federal prosecutors are investigating whether Bankman-Fried steered prices of cryptocurrencies TerraUSD and Luna to benefit FTX and his Alameda hedge fund.
Democrats keeping him quiet in the Bahamas so they Don’t go to Jail !!!!
All evidence has been ERASED !!!! case over
He knows too much on Biden & Pelosi !!!!!
I wonder if he will hang himself too.
He will never make it to the court room !!!
Take his sheets > I want him Alive to tell on Biden !!!!!!!
he is a Democrat Loose End !!!
Democrats will make shure he is Dead before testifying !!!!
Another Epstein !!!! Has to GO
He is FRIED!