Bahamas Attorney General says move came after notification that the US had filed criminal charges.
Sam Bankman-Fried has been arrested in the Bahamas. He is pictured here at a press conference in Miami in 2021. Sam Bankman-Fried, the former boss of collapsed crypto-exchange FTX, has been arrested in the Bahamas, the country’s attorney general has said.
In a statement, Ryan Pinder KC said the 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.” A spokesman for the US Attorney’s office in Manhattan confirmed Bankman-Fried had been arrested in the Bahamas but did not say what the charges were, the Reuters news agency reported.
FTX, which had been among the world’s largest cryptocurrency exchanges, filed for bankruptcy protection on 11 November after traders pulled $US6bn from the platform in three days and rival exchange Binance abandoned a rescue deal.In a statement shared on Twitter, Bahamas Prime Minister Philip Davis said: “The Bahamas and the United States have a shared interest in holding accountable all individuals with FTX who may have betrayed the public trust and broken the law.
On 12 December 2022, the Office of the Attorney General of The Bahamas is announcing the arrest by The Royal Bahamas Police Force of Sam Bankman-Fried , former CEO of FTX.
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