According to reports, Sam Bankman-Fried complied with police during his arrest. Photograph: Lam Yik Fei/The New York TimesFTX founder Sam Bankman-Fried has been arrested in the Bahamas following the bankruptcy of the cryptocurrency exchange, which left over a million investors owed billions of dollars. So what happens next?The Southern District of New York said on Monday night that he was arrested based on a sealed indictment filed by the SDNY.
It remains unclear at this point. The United States has an extradition treaty with the Bahamas that will allow the US to seek extradition but there are likely a few legal hurdles to overcome before that happens. The New York Times reported it could take weeks or longer if Bankman-Fried decides to contest the extradition.What does this mean for his next public appearances?
In a statement, Congresswoman Maxine Waters who chairs the committee said she was disappointed Mr Bankman-Fried would no longer be appearing at the hearing.
I'd like the know who to Ireland is buying off main stream media ? As a straight story is never told so. Just like when Christina Lagarde came to town. The red carpet was rolled out and not one sticky question put to her. Now we see the E.U is corrupted, using Euros and $s
I think Sam has a few luxury properties in Bermuda, he bought them as a hedge against a crypto collapse, great forward planning.
IrishTimes Just goes to show how effective a conman Sam Bankman-Fried is that he could pull off one of the biggest frauds in financial history, say 'Doh I'm just a mop-haired bro who didn't know what he was doing, look at my ill-fitting t-shirt' and people BELIEVED THAT SBF_FTX
He will be epsteined
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