CNBC | MacKenzie Sigalos and Rohan Goswami | Dec 12, 2022
FTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday night after the US Lawyer for the Southern District of New York shared a sealed indictment with the Bahamian authorities, setting the stage for extradition and U.S. trial for the onetime crypto billionaire on the coronary heart of the crypto change’s collapse.
- Earlier than his arrest was introduced, Bankman-Fried had been anticipated to testify nearly earlier than the Home Monetary Providers Committee on Tuesday. His arrest is the primary concrete transfer by regulators to carry people accountable for the multi-billion greenback implosion of FTX final month.
- Damian Williams, the U.S. Lawyer for the Southern District of New York, stated on Twitter that the federal authorities anticipated transferring to “unseal the indictment within the morning.”
See: Audio Interviews (post-bankruptcy) with Sam Bankman-Fried on FTX Collapse
- In an announcement, Bahamian Prime Minister Philip Davis stated:
The Bahamas and the US have a shared curiosity in holding accountable all people related to FTX who could have betrayed the general public belief and damaged the regulation. Whereas the US is pursuing prison fees towards SBF individually, The Bahamas will proceed its personal regulatory and prison investigations into the collapse of FTX, with the continued cooperation of its regulation enforcement and regulatory companions in the US and elsewhere.
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