Sam Bankman-Fried has been arrested by The Royal Bahamas Police Force following reports that the United States filed criminal charges against the founder and former CEO of cryptocurrency exchange FTX, and is likely to request his extradition.
The Office of the Attorney General of the Bahamas issued a statement today, which was reported by BNO and other news outlets, that it would hold Bankman-Fried in custody until a formal request for extradition is made.
Bahamian Prime Minister Philip Davis says the Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law.