Last night the former CEO of collapsed crypto exchange FTX, Sam Bankman Fried (SBF), was arrested in the Bahamas. The Attorney General of the Southern District of New York said on Twitter that the arrest was at its request and an indictment against SBF will be unsealed today (13 December). At the same time, the SEC said it is filing separate charges today.
While the Bahamas has an extradition treaty with the United States, it’s rarely a speedy process.
It also means that SBF won’t attend today’s Congressional Hearing by the House Committee of Financial Services.
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