1 year ago
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Image source, Tom Williams
FTX founder Sam Bankman-Fried
The Bahamas police have arrested Sam Bankman-Fried, founder of of collapsed cryptocurrency exchange FTX, the country's attorney general has said.
The Bahamas said it received formal notification from the US of criminal charges against Mr Bankman-Fried.
Last month FTX filed for bankruptcy in the US, leaving many users unable to withdraw their funds.
It was the second largest crypto exchange in the world, trading about $10bn of crypto coins every day.
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 (“SBF”), former CEO of FTX. pic.twitter.com/CRNeLPAbVp
— Latrae L. Rahming (DOC)🇧🇸 (@latraelrahming) December 12, 2022
English (US)