{"id":22906,"date":"2022-12-13T00:25:40","date_gmt":"2022-12-13T00:25:40","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/13\/sam-bankman-fried-arrested-in-bahamas-on-u-s-request\/"},"modified":"2022-12-13T00:25:40","modified_gmt":"2022-12-13T00:25:40","slug":"sam-bankman-fried-arrested-in-bahamas-on-u-s-request","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/13\/sam-bankman-fried-arrested-in-bahamas-on-u-s-request\/","title":{"rendered":"Sam Bankman-Fried arrested in Bahamas on U.S. request"},"content":{"rendered":"<p> <a href=\"https:\/\/go.fiverr.com\/visit\/?bta=1052423&nci=17043\" Target=\"_Top\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/fiverr.ck-cdn.com\/tn\/serve\/?cid=40081059\" loading=\"lazy\"  width=\"601\" height=\"201\"><\/a>\n<\/p>\n<div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, was arrested Monday in the Bahamas after U.S. prosecutors filed an indictment against him.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">\u201cBahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government,\u201d U.S. Attorney Damian Williams said in a statement. \u201cWe expect to move to unseal the indictment in the morning and will have more to say at that time.\u201d<\/p>\n<\/div>\n<\/div>\n<div data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">FTX and Bankman-Fried have been under investigation by U.S. law enforcement agencies after his company <a href=\"https:\/\/www.washingtonpost.com\/business\/2022\/11\/16\/ftx-collapse-crypto-exchanges-regulation\/?itid=lk_inline_manual_5\" target=\"_blank\" rel=\"noopener\">imploded<\/a> in November, losing <a href=\"https:\/\/www.washingtonpost.com\/business\/2022\/11\/20\/ftx-crypto-bankruptcy-creditors\/?itid=lk_inline_manual_5\" target=\"_blank\" rel=\"noopener\">billions of dollars<\/a> of its customers\u2019 money. He was slated to testify in front of a congressional committee Tuesday.<\/p>\n<\/div>\n<div data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Bankman-Fried has spent the past few weeks in his Bahamas estate, giving numerous interviews to reporters and making dozens of social media posts trying explain how his company went from being one of the biggest and <a href=\"https:\/\/www.washingtonpost.com\/business\/2022\/11\/12\/sam-bankman-fried-ftx-demise\/?itid=lk_inline_manual_7\" target=\"_blank\" rel=\"noopener\">most-respected crypto<\/a> exchanges to filing for bankruptcy.<\/p>\n<\/div>\n<div data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Earlier Monday, John J. Ray, the court-appointed executive charged with overseeing FTX during the bankruptcy process, wrote in<a href=\"https:\/\/docs.house.gov\/meetings\/BA\/BA00\/20221213\/115246\/HHRG-117-BA00-Wstate-RayJ-20221213.pdf\" target=\"_blank\" rel=\"noopener\"> prepared remarks<\/a> for the congressional testimony that the company had been run with \u201cgross mismanagement, excessive leverage\u201d and \u201cfailures of internal controls.\u201d<\/p>\n<\/div>\n<div data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\"><i>This is a developing story. It will be updated.<\/i><\/p>\n<\/div>\n<iframe data-lazy=\"true\" data-src=\"https:\/\/www.fiverr.com\/gig_widgets?id=U2FsdGVkX18x7XQvttUTrv1oEqmGNGTgvvCUiUoJ\/AP4z\/UyMz8lXGOLpu15jIMxBbTR0gmD5uBoFvhC4KWeALQRp3h\/X\/AwcVD0K8Wj9H\/ZzYKzcCNHosB9oS4SCJJFWiN85P9ICAc4OgCoE\/wHKIY7CDkf2\/DQ1vqGvk4smVe5cRDEmrLPCWi4FC8p40VUhSmWQ5udCm0zoJtorgWv3vbDQw0kKYkwn39ozAnQXDe+YvWMxkLFWA+O3TFwkJvdkIK+\/AUSnRssPKt5WHY0FhNOxnSPcLslEL4G4\/RfP95ve99U+kRnDy3X+KtzdQLY+u935ghON\/o3UE4IMv9oN6JX9RnxzL\/LRcOgnHigxStSGPKsZYtnz8RWNVT\/rOLAibqiWJadC5MYHRbekF3eg6FOGrQGkXYbsn0+a5aovnlLCbLwIqY9fcS17UX8J235iQ6cdmHNbrPeS84CMm34RA==&affiliate_id=1052423&strip_google_tagmanager=true\" loading=\"lazy\" data-with-title=\"true\" class=\"fiverr_nga_frame\" frameborder=\"0\" height=\"350\" width=\"100%\" referrerpolicy=\"no-referrer-when-downgrade\" data-mode=\"random_gigs\" onload=\" var frame = this; var script = document.createElement('script'); script.addEventListener('load', function() { window.FW_SDK.register(frame); }); script.setAttribute('src', 'https:\/\/www.fiverr.com\/gig_widgets\/sdk'); document.body.appendChild(script); \" ><\/iframe>\n<br \/><a href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/12\/12\/bankman-fried-arrested\/?utm_source=rss&#038;utm_medium=referral&#038;utm_campaign=wp_business-technology\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, was arrested Monday in the Bahamas after U.S. prosecutors filed an indictment against him. \u201cBahamian&#8230;<\/p>\n","protected":false},"author":1,"featured_media":22907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-22906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-universe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sam Bankman-Fried arrested in Bahamas on U.S. request - mailinvest.blog<\/title>\n<meta name=\"description\" content=\"Technology is forever changing, and there are always new pieces of technology to replace obsolete ones. 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