FTX founder Sam Bankman-Fried reportedly arrested in the Bahamas

Sam Bankman-Fried was arrested in the Bahamas on Monday, according to a statement being attributed to the nation's government and widely reported by global media.

The statement said Mr Bankman-Fried, whose business was based in the Bahamas, has been detained there as the US files criminal charges against him.FTX declared bankruptcy in early November, after revelations about its business practices led to a run on funds by customers. It collapsed less than three years after the cryptocurrency exchange — set up by tech wunderkind Sam Bankman-Fried and his partners Zixiao "Gary" Wang and Nishad Singh — commenced operating in May 2019.At its height, it was once promoted by stars like Larry David and Tom Brady, and sponsored major global events.

FTX allowed people to trade in the non-state-backed market in a centralised way, like investing in shares.

Hope his security guards don't fall asleep

Google Tara Reade.

Wait but Space Karen said that he wouldn’t be arrested. You mean he’s wrong again?

he needs to be in jail and all the politicians who ate the people money need to be in jail too if they don't return the money.

Ur about 2 months behind the twitter spaces have been discussing this for ages & the links with usa political lobbying & Ukraine money laundering is still being missed by abcnews which r really just regurgitating msm wire sources blindly

24hrs before he was due to testify in congress what a coincidence...

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Crypto's moment of reckoning - ABCA number of congressional hearings are set to begin this week in US into one of the biggest financial collapses in history. Around 30,000 Australians were caught up in the spectacular downfall of the cryptocurrency exchange FTX, which went from a $50 billion company to declaring bankruptcy in a matter of hours. Today, Tory Newmyer from the Washington Post on the Wild West of cryptocurrency, and whether investors will keep coming back for more. Featured: Tory Newmyer, economic policy reporter, Washington Post It really is disgusting how the democrats and ftx conned so much money out of their base and to give crypto a bad name. Over $1 billion democrats were given from ftx. Corrupt af it was actually not CRYPTO it was bad actors in the space there are bad actors and fraudsters in banking, too crypto will stand up on its own, but in this bear market these criminals will be flushed out good Someone ask POTUS & AlboMP why this woke crook is not in prison right now. Donated $40mill to Dems. Imagine if he was Russian reporting on this is typically pathetic. Raf_Epstein latingle FTX ponzi
Source: abcnews - 🏆 5. / 83 Read more »