Bahamian AG and Prime Minister Announce Sam Bankman-Fried’s Arrest in The Bahamas – Bitcoin Information

Disgraced FTX co-founder Sam Bankman-Fried (SBF) has been arrested in The Bahamas, in keeping with native studies citing the nation’s legal professional normal Ryan Pinder. In accordance with Pinder, SBF’s arrest “adopted receipt of formal notification from the USA that it has filed felony prices in opposition to SBF and is prone to request his extradition.”

FTX Co-Founder Sam Bankman-Fried Is in Custody in The Bahamas

Following the collapse of FTX and Alameda Analysis final month and the chapter submitting on Nov. 11, 2022, Sam Bankman-Fried (SBF) has been arrested. On Dec. 12, 2022, The Tribune reported that legal professional normal (AG) Ryan Pinder disclosed the information to the press. The information follows the Bahamian AG insisting that FTX was topic of an “energetic and ongoing investigation.” Pinder informed the press on Monday that Bankman-Fried’s arrest in The Bahamas will possible result in a U.S. extradition.

“On 12 December 2022, the Workplace of the Lawyer Common of The Bahamas is saying the arrest by The Royal Bahamas Police Power of Sam Bankman-Fried (SBF), former CEO of FTX,” the AG’s workplace detailed. “SBF’s arrest adopted receipt of formal notification from the USA that it has filed felony prices in opposition to SBF and is prone to request his extradition,” the Bahamian AG workplace declared.

The information follows the studies that stated ex-Alameda CEO Caroline Ellison employed Wilmerhale accomplice Stephanie Avakian, an legal professional that labored for the U.S. Securities and Trade Fee (SEC). Bankman-Fried has reportedly retained legal professional Mark Cohen, the lawyer who represented Ghislaine Maxwell throughout her latest intercourse trafficking case. Prime minister (PM) Philip Davis defined to the press that The Bahamas intends to completely deal with the method with the USA.

“The Bahamas and the USA have a shared curiosity in holding accountable all people related to FTX who might have betrayed the general public belief and damaged the regulation,” Davis stated. “Whereas the USA is pursuing felony prices in opposition to SBF individually, The Bahamas will proceed its personal regulatory and felony investigations into the collapse of FTX, with the continued cooperation of its regulation enforcement and regulatory companions in the USA and elsewhere,” the PM added.

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Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information concerning the disruptive protocols rising at this time.

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