Sam Bankman-Fried Image: Good Morning America/ABC News/PA Images US AUTHORITIES SAY the former chief executive of the failed cryptocurrency exchange FTX Sam Bankman-Fried has been arrested in the Bahamas.
The firm filed for bankruptcy on 11 November, when it ran out of money after the cryptocurrency equivalent of a bank run. He was a prominent personality in Washington, donating millions of dollars toward mostly left-leaning political causes and Democratic political campaigns. FTX grew to become the second-largest cryptocurrency exchange in the world.
He looks like the guy you sat beside at school 30 years ago and always wondered what he got up to.
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