Indictment imminent on criminal charges, extradition likely. Grab some popcorn
Bahamian authorities have arrested Sam Bankman-Fried, the former CEO of collapsed crypto exchange FTX, after he was indicted on criminal charges.
News of Bankman-Fried’s cuffing arrived in a tweet from the Attorney’s Office for the Southern District of New York, at around 7:00PM local time on Monday night.
Latrae L. Rahming, the director of communications at the office of the Bahamas prime minister, joined in the Twitter fun by sharing the letter below confirming the arrest and adding two important details: criminal charges have been filed against the former CEO, and the US will likely seek extradition.
