Sam Bankman-Fried Arrested in Bahamas as US Files FTX Charges
- Detention follows investigation into FTX implosion last month
- The Bahamas said on Monday that he faces extradition to the US
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Sam Bankman-Fried, the disgraced co-founder of digital-asset exchange FTX, was arrested in the Bahamas after the US government filed a criminal indictment, following weeks of speculation that client funds were misused before his empire’s collapse.
Bankman-Fried is being held in custody pending an extradition process, the island nation’s attorney general, Ryan Pinder, said in a statement Monday.