Bahamian authorities have arrested Sam Bankman-Fried after U.S. law enforcement filed charges against the former crypto billionaire.

Bahamas Attorney General Ryan Pinder said that the United States had filed unspecified criminal charges against Bankman-Fried and was "likely to request his extradition."

Bankman-Fried was expected to testify before the House Financial Services Committee tomorrow, but said he will not appear. His arrest is the first concrete move by regulators to hold individuals accountable for the multi-billion dollar implosion of FTX last month.

Last month, FTX and its affiliates filed for bankruptcy and Bankman-Fried stepped down from his role as CEO. The crypto trading firm imploded in spectacular fashion following a run on assets similar to a bank run.

Statement from the Attorney General of The Bahamas Sen. Ryan Pinder KC on the arrest of Sam Bankman-Fried

On 12 December 2022, the Office of the Attorney General of The Bahamas is announcing the arrest by The Royal Bahamas Police Force of Sam Bankman-Fried ("SBF", former CEO of FTX. SBF's arrest followed receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition.

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.

Responding to SBF's arrest, Prime Minister Davis stated, "The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law. While the United States is pursuing criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere."

December 12, 2022
Office of The Attorney General &
Ministry of Legal Affairs
Commonwealth of The Bahamas

SOURCE

Previous Thread:
https://www.nairaland.com/7429508/ftx-hacked-money-accounts-stolen#118328510

Eti no ette

Oh this guy, set àwọn d'banj ni

Nigerians dey learn work for yahoo where oyibo men dey. Just imagine one person withheld billions of dollars Omo.

Oh man!

Finally, some accountability

omo

Hushpuppi is about to get new cell mate

Bahamas authority should please also arrest Maxwell Odum.

This man has really cashed out.



Anytime I remember 86FB, tears go comot me for eye.

Bitcoin value as well as other crypt assets will drop further

What is abah kiayri still doing in Naija? There is no court proceedings in Nigeria and he is not extradited to US to face charges. Nothing is heard has about him for long now.

Pls
Someone should educate me
Is investing in crypto right or wrong?
I don't have any interest in it but with all these crashes and failed predictions and the rest
Does it still seem wise that people still invest in it?

He has achieved his billionaire status already

His lawyers is about to feed fat


Oyinbo taught us yahoo and they're doing theirs so smartly and after cashing out they'll buy Latest cars that are invogue

but we add juju to ours bcuz we love backwardness and we buy old Uber Glk or Lexux

Shuiii!

Good...not Nigeria where they cannot find the runners of baraza, MBA forex etc. Very anyhow nonsense.

keep your coins out of exchanges, also if you have BNB coin quickly convert it to another coin as US prosecutors are targeting binance and may likely be probe. that's my 2 Kobo for u

Scammer

HonNL:
Bahamian authorities have arrested Sam Bankman-Fried after U.S. law enforcement filed charges against the former crypto billionaire.

Bahamas Attorney General Ryan Pinder said that the United States had filed unspecified criminal charges against Bankman-Fried and was "likely to request his extradition."

Bankman-Fried was expected to testify before the House Financial Services Committee tomorrow, but said he will not appear. His arrest is the first concrete move by regulators to hold individuals accountable for the multi-billion dollar implosion of FTX last month.

Last month, FTX and its affiliates filed for bankruptcy and Bankman-Fried stepped down from his role as CEO. The crypto trading firm imploded in spectacular fashion following a run on assets similar to a bank run.




SOURCE

Previous Thread:
https://www.nairaland.com/7429508/ftx-hacked-money-accounts-stolen#118328510

Scammers note.. one day hand go catch una

All these corporate fraudsters that Forbes keeps hyping. No one should take Forbes list seriously. They have lost their relevance.

This guy used the whole eco to jerk off. However useless America was trying to fud Binance yday. E no go better for them tbh.

Scam

Hmmm…

I’ve been following this narrative since it started.
The painful part is that lots of startups had to go out of business because of his mismanagement.

Personally, I don’t like crypto. It is too volitile. I can recall when one man’s tweet (Elon) blew Bitcoin’s price, now tell me how that is a good investment medium? How

The MF still dey go Bahamas to chill. Werey, Agba yahoo

Ok