Sam Bankman-Fried, Crypto Boss Who Went Bankrupt, Arrested In The Bahamas

Tuesday, 13 December 2022Newsdesk

The attorney general's office for The Bahamas said it proceeded with the arrest after receiving formal confirmation of charges against Bankman-Fried, adding it expects he will be extradited to the United States.

New Delhi 13 December 2022

As per news report of NDTV, Sam Bankman-Fried, who founded and led FTX until a liquidity crunch forced the cryptocurrency exchange to declare bankruptcy last month, was arrested on Monday in The Bahamas after being criminally charged by US prosecutors.
It marks a stunning fall from grace for the 30-year-old entrepreneur who rode a cryptocurrency boom to create one of the world's largest cryptocurrency exchanges and a net worth that Forbes pegged a year ago at $26.5 billion.

Source - NDTV