Sam Bankman-Fried arrested in Bahamas as US files FTX charges

Bankman-Fried has been facing investigations into a range of possible misconduct in the US and the Bahamas, where FTX was headquartered

Sam Bankman-Fried Photographer: Jeenah Moon/Bloomberg

Sam Bankman-Fried, the disgraced co-founder of digital-asset exchange FTX, was arrested in the Bahamas after the US government filed a criminal indictment, following weeks of speculation that client funds were misused before his empire’s collapse.

Bankman-Fried is being held in custody pending an extradition process, the island nation’s attorney general, Ryan Pinder, said in a statement Monday.