FTX’s Sam Bankman-Fried arrested in Bahamas

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Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, has been arrested in The Bahamas, the country’s attorney general has said.

He is scheduled to appear on Tuesday in a magistrates’ court in the Caribbean country’s capital, Nassau.

Police said Mr Bankman-Fried, 30, was arrested for “financial offences” against laws in the US and The Bahamas.

Last month, FTX filed for bankruptcy in the US, leaving many users unable to withdraw their funds.

Read more at BBC.com

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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!