The founder of the bankrupt crypto exchange FTX, Sam Bankman-Fried, has been arrested after the spectacular collapse of his company empire in the Bahamas.
“Tonight, Bahamian authorities arrested Samuel Bankman-Fried at the request of the US government, based on a sealed indictment filed by the US Attorney for the Southern District of New York,” said US Attorney Damian Williams. “We expect to request the unseal of the indictment tomorrow morning and will have more to say about that at that time.”
FTX – one of the largest trading places for cryptocurrencies – collapsed about three weeks ago after enormous outflows of funds within a few days. Billions in customer funds could not be paid out. Bankman-Fried, who is often just called SBF in the crypto industry, announced his resignation on November 11 and filed for bankruptcy for the group in the US state of Delaware. Investigations and class action lawsuits against Bankman-Fried are ongoing in the United States. He asserts that FTX has enough money to pay out customers there.
