FTX Founder Sam Bankman-Fried Arrested in the Bahamas

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FTX Founder Sam Bankman-Fried Arrested in the Bahamas
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The Royal Bahamas Police Force arrested FTX_Official founder SBF_FTX after the U.S. filed criminal charges. SECGov has filed charges for alleged fraud and CFTC is expected to follow.

The Royal Bahamas Police Force arrested FTX founder Sam Bankman-Fried, a press statement said.

A tweet from the U.S. Attorney's Office for the Southern District of New York confirmed that prosecutors in the U.S. indicted Bankman-Fried, though the indictment remains under seal., the charges could include wire fraud, securities fraud, money laundering and related conspiracy charges. In the Bahamas' statement, Bahamas Prime Minister Philip Davis said the country would continue pursuing its own investigation into FTX's collapse, alongside the U.S.'s criminal charges.

In a separate news release, the Royal Bahamas Police Force said officers with its Financial Crimes Investigation Unit arrested Bankman-Fried around 6:00 p.m. local time. FTX fell last month after a CoinDesk report revealed that Alameda Research, a sister company also founded by Bankman-Fried, held a large number of FTT tokens, which are issued by FTX.

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