Tuesday, June 25, 2024

FTX founder Sam Bankman-Fried arrested, set to be extradited to US

by Jeremy

Sam Bankman-Fried, the previous CEO of the FTX cryptocurrency change and founding father of Alameda Analysis, has been arrested and brought into custody by authorities within the Bahamas.

In line with a letter from the Workplace of the Lawyer Basic on Dec. 12, Bankman-Fried was arrested by the Royal Bahamas Police Pressure following formal notification from america that it has filed prison fees in opposition to SBF.

Prime Minister Philip Davis stated in a press release each nations have “a shared curiosity in holding accountable all people related to FTX who might have betrayed the general public belief and damaged the legislation.”

Bloomberg reported on Dec. 10 that prosecutors from New York, FBI brokers and different regulators met with FTX’s legal professionals to debate the documentation investigators wish to get hold of. The Justice Division was “intently” inspecting whether or not FTX improperly transferred lots of of hundreds of thousands across the identical time as the corporate declared chapter.

The letter asserting the arrest from the Bahamas Lawyer Basic.

This can be a growing story and extra info will probably be added because it turns into accessible.

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