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“Bahamian authorities have arrested Sam Bankman-Fried after U.S. regulation enforcement filed prices in opposition to the previous crypto billionaire.
Bahamas Lawyer Normal Ryan Pinder stated that the US had filed unspecified prison prices in opposition to Bankman-Fried and was “more likely to request his extradition.”
In a press release, Bahamian Prime Minister Philip Davis stated, “The Bahamas and the US have a shared curiosity in holding accountable all people related to FTX who might have betrayed the general public belief and damaged the regulation.”
“Whereas the US is pursuing prison prices in opposition to SBF individually, The Bahamas will proceed its personal regulatory and prison investigations into the collapse of FTX, with the continued cooperation of its regulation enforcement and regulatory companions in the US and elsewhere,” continued the assertion.
Bankman-Fried was anticipated to testify earlier than the Home Monetary Providers Committee tomorrow. His arrest is the primary concrete transfer by regulators to carry people accountable for the multi-billion greenback implosion of FTX final month.”
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