UPDATE: Police in the Bahamas arrested FTX founder Sam Bankman-Fried in anticipation of an extradition request after U.S. officials filed criminal charges, the country's attorney general said. nikhileshde reports
The Royal Bahamas Police Force arrested FTX founder Sam Bankman-Fried, a press statement said.
"As a result of the notification received and the material provided therewith, it was deemed appropriate for the Attorney General to seek SBF’s arrest and hold him in custody pursuant to our nation’s Extradition Act," the statement, attributed to Attorney General Ryan Pinder, said."At such time as a formal request for extradition is made, The Bahamas intends to process it promptly, pursuant to Bahamian law and its treaty obligations with the United States.
In the Bahamas' statement, Bahamas Prime Minister Philip Davis said the country would continue pursuing its own investigation into FTX's collapse, alongside the U.S.'s criminal charges. FTX fell last month after a CoinDesk report revealed that Alameda Research, a sister company also founded by Bankman-Fried, held a large number of FTT tokens, which are issued by FTX.
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