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Ex-FTX CEO Sam Bankman-Fried arrested in Bahamas as US files charges

More than 100 FTX-related entities filed for US bankruptcy protections on Nov. 11. The firm and Bankman-Fried are facing investigations in the US and the Bahamas

Ex-FTX CEO Sam Bankman-Fried (Photo: Bloomberg)
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Ex-FTX CEO Sam Bankman-Fried (Photo: Bloomberg)

Katanga Johnson and Gillian Tan | Bloomberg
Sam Bankman-Fried, the disgraced co-founder and former head of digital-asset exchange FTX, was arrested in the Bahamas on Monday.
 
Bankman-Fried’s detention followed a notification from the US that it had filed criminal charges against him, the Bahamas attorney general said in a statement. Authorities in both countries had been probing his involvement in the company’s collapse last month. 

In a statement, US attorney for the Southern District of New York Damian Williams, said the arrest was made at the request of the American government.

More than 100 FTX-related entities filed for US bankruptcy protections on Nov. 11. The firm