“Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the government, based on a sealed indictment filed by the Southern District of New York. We expect to proceed with the opening of the indictment in the morning,” Prosecutor Damian Williams said on Monday. Ryan Pinder, Attorney General of the Bahamas, explained that the United States will “probably request the extradition” of the former FTX CEO.
Sam Bankman-Fried arrested. The Bahamas will continue its own regulatory investigations into the collapse of FTX
Bahamian Prime Minister Philip Davis said in a statement that the Bahamas and the U.S. have a “common interest in bringing to justice all individuals associated with FTX who may have betrayed public trust and violated the law.” “The Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with continued cooperation from its law enforcement and regulatory partners in the United States and elsewhere,” he said.
More information from the world of cryptocurrencies
The American service CNBC indicates that the former billionaire is now threatened with extradition to the USA. Sam Bankman-Fried was arrested on Monday – the day before he was due to testify before the US Congress about the collapse of the cryptocurrency exchange.
Cryptocurrencies. The great collapse of the FTX exchange
In the first half of November, a report by the Chinese Binance – the world’s largest exchange – indicated that the FTX exchange (the third largest in the world) founded by Sam Bankman-Fried may be vulnerable to a liquidity crisis. The head of Binance also informed about the sale of accumulated FTX assets. , and then the FTX exchange started bankruptcy proceedings.
The secrets of FTX began to come to light, including that Bankman-Fried transferred clients’ funds without their will from the FTX exchange to the Alameda Research fund, and also speculated on the so-called tokens issued by FTX. Everything had the character of a financial pyramid. The FTX group became interested in, among others, The US Securities and Exchange Commission (SEC) and the Department of Justice, as well as the Bahamian police and regulators (the group was registered in the Bahamas).
Source: Gazeta
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