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Sam Bankman Fried, the former CEO of the FTX cryptocurrency exchange and founder of Alameda Research has been arrested and taken into custody by authorities in The Bahamas.
According to a letter from the Office of the Attorney General on Dec. 12, Bankman-Fried was arrested by The Royal Bahamas Police Force following formal notification from the United States that it has filed criminal charges against SBF.
Prime Minister Philip Davis said in a statement both countries have “a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law.”
This is a developing story and more information will be added as it becomes available.
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By: Cointelegraph By Jesse Coghlan
cointelegraph.com
