The Latest Breaking News from FTX

Washington (AFP) - Disgraced cryptocurrency tycoon Sam Bankman-Fried was arrested Monday in the Bahamas at the request of the United States, according to US officials seeking to charge him after the spectacular collapse of his FTX platform.

Sam Bankman-Fried was arrested in the Bahamas on Monday in the wake of the spectacular failure of his cryptocurrency exchange FTX.

The former CEO of failed crypto firm FTX Sam Bankman-Fried has been arrested in the Bahamas at the request of U.S. authorities

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.

The Bahamian government said the U.S. has filed criminal charges against Bankman-Fried.

Former FTX CEO Sam Bankman-Fried has been arrested in the Bahamas just hours before he was due to testify before the House Financial Services Committee.

Indictment will be unsealed on Tuesday morning in New York.

The creator of the popular Bored Ape Yacht Club collection of NFTs and its promoters, including Madonna, Paris Hilton and Justin Bieber, were sued by investors claiming they were duped into buying the collectibles by celebrities who didn’t disclose they were paid to pump sales.

The creator of the popular Bored Ape Yacht Club collection of NFTs and its promoters, including Madonna, Paris Hilton and Justin Bieber, were sued by investors claiming they were duped into buying the collectibles by celebrities who didn’t disclose they were paid to pump sales.