FTX Founder Sam Bankman-Fried Arrested
“U.S. authorities filed criminal charges against Bankman-Fried, and The Bahamas intends to extradite him once U.S. officials request it. The nation expects the U.S. to request The Bahamas extradite Bankman-Fried in short order.
As a result of the notification received and the material provided therewith, it was deemed appropriate for the Attorney General to seek SBF’s arrest and hold him in custody pursuant to our nation’s Extradition Act. At such time as a formal request for extradition is made, The Bahamas intends to process it promptly, pursuant to Bahamian law and its treaty obligations with the United States.
A tweet from the U.S. Attorney’s Office for the Southern District of New York confirmed that prosecutors in the U.S. indicted Bankman-Fried, though the indictment remains under seal.
In the Bahamas’ statement, Bahamas Prime Minister Philip Davis said the country would continue pursuing its own investigation into FTX’s collapse, alongside the U.S.’s criminal charges.
Bankman-Fried was set to testify virtually before the House Financial Services Committee about the exchange’s collapse on Tuesday. Spokespeople for both the Chair and Ranking Member did not immediately return requests for comment.”
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