Sam Bankman-Fried, former CEO of crypto change FTX and founding father of Alameda Analysis, has been arrested and detained by Bahamian authorities.
Bankman-Fried was arrested by the Royal Bahamas Police following formal discover from the US that it had filed legal prices in opposition to SBF, in response to a December 12 letter from the Workplace of the Lawyer Normal.
Prime Minister Philip Davis mentioned in an announcement that each international locations “have a shared curiosity in holding accountable all people related to FTX who might have betrayed public belief and violated the legislation.” Said.
USA Damian Williams: Earlier this night, Bahamian authorities arrested Samuel Bankman-Freed on the request of the US authorities based mostly on a sealed indictment filed by SDNY. We plan to open the indictment within the morning, and we can have way more to say at the moment.
— U.S. Lawyer SDNY (@SDNYnews) December 12, 2022
Bloomberg reported on Dec. 10 that New York prosecutors, FBI brokers and different regulators met with FTX attorneys to debate paperwork the brokers needed to acquire. The Justice Division was “carefully” investigating whether or not FTX improperly transferred tons of of hundreds of thousands of {dollars} across the similar time the corporate declared chapter.
This can be a work in progress and extra info will probably be added because it turns into accessible.
