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FTX Founder Sam Bankman-Fried Arrested in Bahamas

Posted on AllSides December 13th, 2022
From The Right
Banking and Finance, Justice, FTX, Sam Bankman-Fried, Cryptocurrency, Securities and Exchange Commission
NBC News/YouTube

Sam Bankman-Fried, head of the cryptocurrency-exchange company that collapsed last month, was reportedly arrested on Monday in the Bahamas at the request of the U.S. government.

The Royal Bahamas Police Force took the failed financial tech entrepreneur into custody after the U.S. filed criminal charges against him, according to a press statement. FTX, which Bankman-Fried founded, imploded in November, costing investors millions of dollars in losses. The fallen businessman has been accused of misusing customer funds deposited with FTX to artificially prop up another one of his enterprises: a crypto hedge fund, Alameda Research,...

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