Sam Bankman-Fried, the disgraced co-founder and former head of digital-asset exchange FTX, was arrested in the Bahamas on Monday, the nation’s government said.
Bankman-Fried’s detention followed a notification from the U.S. that it had filed criminal charges against him, the Bahamas attorney general said in a statement. Authorities in both countries had been probing his involvement in the company’s collapse last month.
More than 100 FTX-related entities filed for U.S. bankruptcy protections on Nov. 11. The firm and Bankman-Fried are facing investigations in the U.S. and the Bahamas, where the company was headquartered, into a range of possible misconduct. One key inquiry is into whether customer funds were lent out to trading firm Alameda Research, which he also founded.
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