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 accordance with a letter from the Workplace of the Legal professional Common on Dec. 12, Bankman-Fried was arrested by the Royal Bahamas Police Pressure following formal notification from the US that it has filed prison costs in opposition to SBF.
Prime Minister Philip Davis mentioned in a press release each international locations have “a shared curiosity in holding accountable all people related to FTX who could have betrayed the general public belief and damaged the regulation.”
USA Damian Williams: Earlier this night, Bahamian authorities arrested Samuel Bankman-Fried on the request of the U.S. Authorities, primarily based on a sealed indictment filed by the SDNY. We count on to maneuver to unseal the indictment within the morning and may have extra to say at the moment.
— US Legal professional SDNY (@SDNYnews) December 12, 2022
Bloomberg reported on Dec. 10 that prosecutors from New York, FBI brokers and different regulators met with FTX’s attorneys to debate the documentation investigators need to get hold of. The Justice Division was “carefully” analyzing whether or not FTX improperly transferred tons of of tens of millions across the similar time as the corporate declared chapter.
The letter asserting the arrest from the Bahamas Legal professional Common.
This can be a growing story and extra info can be added because it turns into accessible.