Crypto outcast Sam Bankman-Fried has been arrested by authorities within the Bahamas on behalf of the US.
The transfer is the primary sign that the founding father of crypto change FTX will face prison prices for the staggering disappearance of at the least $1 billion in buyer funds.
United States Lawyer for the Southern District of New York, Damian Williams, made the announcement on Twitter.
“Earlier this night, Bahamian authorities arrested Samuel Bankman-Fried on the request of the U.S. Authorities, based mostly on a sealed indictment filed by the SDNY.
We anticipate to maneuver to unseal the indictment within the morning and could have extra to say at the moment.”
Previous to his arrest, Bankman-Fried launched a widespread public relations marketing campaign, overtly speaking about his involvement within the implosion of the as soon as well-liked and now defunct crypto change.
He claims unhealthy bookkeeping is accountable, and says his crypto buying and selling agency Alameda Analysis primarily positioned massive market bets utilizing FTX buyer funds with out his information.
Do not Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox
Examine Value Motion
Comply with us on Twitter, Fb and Telegram
Surf The Day by day Hodl Combine
Featured Picture: Shutterstock/Stephan Bezuidenhout
