Sam Bankman Fried, the founder of bankrupt crypto exchange FTX, was arrested on Monday in The Bahamas after being criminally charged by U.S. prosecutors.
The U.S. Attorney for the Southern District of New York (SDNY), Damian Williams, confirmed Bankman’s arrest by Bahamian authorities on Twitter.
“Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY. We expect to move to unseal the indictment in the morning and will have more to say at that time,” he mentions in a tweet.
The Office of the Attorney General & Ministry of Legal Affairs of The Bahamas said it would comply with any extradition request.