FTX Founder Sam Bankman-Fried Arrested

13 Dec 2022

CoinDesk reports that the Royal Bahamas Police Force arrested FTX founder Sam Bankman-Fried, a press statement said.

The arrest came after the U.S. filed criminal charges against Bankman-Fried, the statement said, and 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," the statement, attributed to Attorney General Ryan Pinder, said. "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.