Dec 13, 2022

Fall from grace: Crypto’s golden boy Sam Bankman-Fried arrested in Bahamas

Posted by in categories: cryptocurrencies, government, habitats

Bankman-Fried was due to testify about the collapse of his cryptocurrency platform FTX before the US Congress on Tuesday.

Sam Bankman-Fried, the former CEO of the collapsed cryptocurrency exchange platform FTX, was arrested by Bahamian authorities on December 12 after US prosecutors filed criminal charges, the US Attorney’s Office Southern District of New York confirmed on Twitter.

Bankman-Fried was arrested at his apartment complex, in Nassau, Bahamas, and is scheduled to appear on Tuesday in a magistrates court in Nassau. The US prosecutors also added that an indictment would be unsealed on the day.

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