1 year ago
Sam Bankman-Fried, the laminitis and erstwhile CEO of Bitcoin and cryptocurrency speech FTX, has been arrested successful the Bahamas by section authorities.
The apprehension followed receipt of ceremonial notification from the U.S. that it had filed transgression charges against SBF, per a statement from the Attorney General of the Bahamas. SBF’s extradition to the U.S. volition apt beryllium requested.
SBF has been connected the quality for a mates of years, but it wasn’t until precocious that specified sum turned a acheronian corner. The Jane Street alumni turned crypto laminitis yet led his creations, FTX and Alameda Research, to insolvency arsenic SBF’s terrible mismanagement of users’ funds came to light. He past filed for Chapter 11 bankruptcy extortion and resigned arsenic CEO.
The disgraced entrepreneur past went connected an antithetic interrogation spree, talking astir the companies and his mentation of the communicative to arsenic galore journalists consenting to springiness him a stage. Notably, however, SBF would lone deflect from answering the tougher questions, reaching a constituent wherever helium said helium “didn’t knowingly commingle users’ funds.”
Now, the communicative is acceptable to instrumentality a caller twist arsenic prosecutors determination to unseal the indictment connected Tuesday morning. A root acquainted with the substance told The New York Times that charges brought against SBF see ligament fraud, ligament fraud conspiracy, securities fraud, securities fraud conspiracy and wealth laundering.
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