The walls are closing in.
Disgraced crypto exec Sam Bankman-Fried has been arrested in the Bahamas and is facing US criminal charges,According to the Royal Bahamas Police Force, the former FTX CEO was taken into custody in Nassau Monday evening and is expected to appear in court on Tuesday.
"The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law," Bahamas prime minister Philip Davis said in a statement. His arrest caps a long month of shocking revelations that has shaken the crypto community to the core. The collapse of Bankman-Fried's crypto empire has left an indelible mark on the industry, and hasFollowing the spectacular collapse of his business dealings, Bankman-Fried has plenty of questions to answer — and that's putting it lightly.the Securities and Exchange Commission and the Department of Justice for misleading clients and investors.
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Sam Bankman-Fried, FTX's founder, is arrested in the Bahamas | CNN BusinessBREAKING: Sam Bankman-Fried, the founder of failed crypto exchange FTX, has been arrested in the Bahamas after US prosecutors filed criminal charges against him, according to a statement from the government of the Bahamas.
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Former FTX CEO Sam Bankman-Fried arrested in Bahamas | EngadgetThe Bahamas Attorney General's Office announced Monday that Bankman-Fried has been arrested there and is likely to be extradited in short measure back to the US to stand trial.
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