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France 24
France 24
Business
Charles PELLEGRIN

Sam Bankman-Fried, founder of failed crypto exchange FTX, arrested in Bahamas

BUSINESS DAILY © FRANCE24

Sam Bankman-Fried, the disgraced head of once-leading cryptocurrency trading platform FTX, is to be extradited to the US after being arrested in the Bahamas. US prosecutors have yet to unseal the indictment against 30-year-old Bankman-Fried, who became a billionaire during the cryptocurrrency boom. In this edition, we take a closer look at the downfall of FTX, how Bankman-Fried ended up in the crosshairs of investigators and ask what's next for the wider crypto sector.

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