Sam Bankman-Fried: FTX Founder and Former CEO Arrested in Bahamas 🌴

Sam Bankman-Fried, the former CEO of the defunct cryptocurrency exchange FTX, has been arrested in the Bahamas, according to US officials.<br />The US attorney’s office in New York said that the FTX founder had been detained at the US government’s request.<br />Following FTX’s demise last month, Bankman-Fried is the subject of a criminal investigation by US and Bahamian authorities. When the company ran out of money following the cryptocurrency equivalent of a bank run, it filed for bankruptcy on 11 November.