Former FTX chief executive Sam Bankman-Fried hit with eight-count indictment

Sam Bankman-Fried (Good Morning America/ABC News/AP)

US prosecutors have charged Sam Bankman-Fried, the former chief executive of cryptocurrency exchange FTX, with a host of financial crimes and campaign finance violations, alleging he played a central role in the collapse of FTX and hid its problems from the public and investors.

Bankman-Fried was charged with eight counts, ranging from wire fraud to money laundering to conspiracy to commit fraud on the United States.