His extradition hearing has been set for February
, SBF was prepared to apologize for the implosion, but also placed partial blame onto Ray and rival cryptocurrency exchange Binance.Throughout Tuesday’s hearing, lawmakers broadly agreed FTX’s collapse warranted greater regulation of the crypto regulation. But with little time left before the end of the year, McHenry said the committee would pick up negotiations in January.
“The arrest of Sam Bankman-Fried is welcome news, but it still does not get to the bottom of what happened at FTX, and why it happened, and who else may be responsible,” incoming Financial Services Chair Patrick McHenry said in his opening statement.
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CEO Michael McCaffrey bought Bahamas pad with $43M in loans from Sam Bankman-Fried: reportMichael McCaffrey stepped down as CEO of The Block last week after news of the loans was first reported by Axios. The Block issued a statement confirming the report.
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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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FTX Founder Sam Bankman-Fried Arrested in BahamasThe former FTX chief executive was arrested after the U.S. Attorney for the Southern District of New York filed a sealed indictment, the U.S. attorney’s office said in a statement.
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FTX founder Sam Bankman-Fried arrested in Bahamas after U.S. authorities file criminal chargesBahamian authorities said they moved to arrest the FTX founder and former crypto billionaire after being notified that U.S. law enforcement officials had filed criminal charges and would seek his extradition.
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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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