FTX's Sam Bankman-Fried arrested in Bahamas on criminal charges, authorities say
By- Avnish kushwaha
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The specific charges are expected to be unsealed Tuesday, according to Damian Williams, U.S. attorney for the Southern District of New York.
By- Avnish kushwaha
Image Credit -Google
Williams said: "Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. government
By- Avnish kushwaha
Image Credit -Google
The arrest "followed receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition
By- Avnish kushwaha
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Bankman-Fried is due to appear in a courtroom in Nassau, Bahamas, Tuesday morning before his eventual transfer to New York for prosecution
By- Avnish kushwaha
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federal prosecutors in the Southern District of New York have been looking at Bankman-Fried, sources have told ABC News
By- Avnish kushwaha
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"While I am disappointed that we will not be able to hear from Mr. Bankman-Fried tomorrow
By- Avnish kushwaha
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John Ray, FTX's new CEO guiding the company through bankruptcy proceedings, is still expected to testify.
By- Avnish kushwaha
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Bankman-Fried, in a series of tweets, had said he's "willing to testify" after initially resisting the committee's request.
By- Avnish kushwaha
Image Credit -Google
Bankman-Fried, in an interview with ABC News' George Stephanopoulos, denied that he knew "that there was any improper use of customer funds."