Sam Bankman-Fried, the disgraced founder of the collapsed cryptocurrency exchange FTX, was arrested in the Bahamas on Monday after United States prosecutors filed criminal charges, according to a statement by the government of the Bahamas.
“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,” the statement said.
Mr. Bankman-Fried has been under investigation by the Justice Department over the sudden implosion of FTX, a $32 billion company that filed for bankruptcy on Nov. 11.
This is a developing story. Check back for updates.
David Yaffe-Bellany
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