FTX founder and former CEO Sam Bankman-Fried was arrested « without incident » at his Bahamian home in the city of Nassau.
Bahamian authorities said they are ready to act « promptly » after police on Monday arrested Sam Bankman-Fried, former CEO of the bankrupted cryptocurrency exchange FTX, in relation to sealed charges by the Department of Justice (DOJ).
According to a statement from the Royal Bahamas Police Force, Bankman-Fried was arrested « without incident » at his luxury apartment in Nassau around 6 p.m. Police said he was apprehended in « reference to various Financial Offense against laws of the United States, which are also offenses against laws of the Commonwealth of The Bahamas. »
Bahamas Attorney General Ryan Pinder also released a statement on Bankman-Fried’s arrest, saying that once an extradition request is made by the United States, his country « intends to process it promptly. »
« While the United States is pursuing criminal charges against [Bankman-Fried] individually, the Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere, » Pinder said.
