FTX Collapsed: FTX Founder Bankman-Fried Arrested in Bahamas, US Extradition Likely
The Bahamas government said in a statement that Samuel Bankman-Fried was arrested following a formal request from the US.
Time to Read 1 Min
Authorities in the Caribbean country of the Bahamas have arrested Samuel Bankman-Fried, the founder of cryptocurrency exchange FTX. According to media reports, Samuel was arrested at the request of the US. After FTX Exchange was declared bankrupt, US investigative agencies filed a criminal case against him and requested his arrest from the Bahamas government.
The Bahamas government said in an official statement that Samuel Bankman-Fried's arrest was made following a formal request from the US. In which it was said that a criminal case has been filed against Samuel. According to the statement, the US is likely to request Samuel's extradition.
According to media reports, Damian Williams, the attorney for the Southern District of New York, has also confirmed Samuel's arrest. He tweeted that at the request of the US government, the Bahamas authorities have arrested Samuel Bankman-Fried. We expect that we will proceed to prosecute.

