Sam Bankman-Fried, former chief executive officer of the FTX.com cryptocurrency exchange, was arrested by the Royal Bahamas Police on Monday at the request of U.S. authorities, in another step in the saga of a US$32 billion company that imploded in bankruptcy in a matter of days last month. The arrest was based on an indictment that will be unsealed on Tuesday, said Damian Williams, the U.S. attorney for the Southern District of New York, on Twitter. The New York Times reported the charges to include wire fraud, securities fraud, and money laundering, citing a person familiar with the matter. (forkast)
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Sam Bankman-Fried Arrested in Bahamas; Could Other FTX Executives be Next?
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Cointime August 4 News Express
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