The Latest Breaking News from Bahamas

The arrest was made Monday after the U.S. filed criminal charges that are expected to be unsealed Tuesday, according to U.S. Attorney Damian Williams. Bankman-Fried had been under criminal investigation by U.S. and Bahamian authorities following the collapse last month of FTX.

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.

Sam Bankman-Fried was arrested in the Bahamas, based on a criminal indictment that was unsealed Tuesday. Authorities say he improperly diverted billions of dollars.

Bahamas attorney general Ryan Pinder said that US was ‘likely to request his extradition’

The founder of bankrupt cryptocurrency exchange FTX has reportedly been arrested in the Bahamas, where his now defunct business was based.

Indictment will be unsealed on Tuesday morning in New York.

MIAMI — They arrived 50 years ago, fleeing dictatorship and death. Along the treacherous, three-week ocean journey, the seafaring Haitian asylum seekers traded their shoes for food and water in Cuba, and were briefly jailed in the Bahamas before being asked their final destination.

When cryptocurrency exchange FTX Group collapsed in the Bahamas last month, its local subsidiaries FTX Australia Pty Ltd and FTX Express Pty Ltd fell over too.

UAB vs Miami University game preview, prediction, and breakdown for the HomeTown Lenders Bahamas Bowl Championship Week game on Friday, December 16