🚨 Breaking: SBF has been arrested in the Bahamas. Developing story here:
Sam Bankman-Fried, the former CEO of the FTX cryptocurrency exchange and founder of Alameda Research, has been arrested and taken into custody by authorities in the Bahamas.
According to a letter from the Office of the Attorney General on Dec. 12, Bankman-Fried was arrested by the Royal Bahamas Police Force following formal notification from the United States that it has filed criminal charges against SBF. Prime Minister Philip Davis said in a statement both countries have"a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law."
USA Damian Williams: 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.
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