February 8, 2023
The New York Attorney General announced that the Bahamas authorities have arrested, at the request of the US judiciary, the former CEO of digital currency platform “FTX” Sam Bankman-Fred after the collapse of his company.

“Earlier tonight, Samuel Bankman-Freed was arrested by the Bahamas at the request of the US Government and pursuant to a sealed indictment filed by the Southern District of New York,” Attorney General Damian Williams tweeted. The Prosecutor General said that new details on this case will be announced on Tuesday.

A month ago, banker Fred continued to participate in interviews with media from the Bahamas, despite the risk of being held liable for financial fraud after his company, which was valued at $ 32 billion at the beginning of the year, went bankrupt overnight. For his part, Ryan Bender, Attorney General of the Bahamas, said in a statement posted on Twitter that the United States “has filed a complaint” against the 30-year-old man and “probably will demand that we extradite him.”

Philip Davis, Prime Minister of the Kingdom of the Bahamas, an archipelago northeast of Cuba, said both the United States and his country “have an interest in holding accountable individuals associated with FTX who may have betrayed public trust and violated law”. law.” In a statement, he added that his country would conduct its own “criminal investigation into the collapse of FTX.”

Recently, Bankman-Fried said he was “shocked” by many of the details that were revealed when the cryptocurrency platform collapsed, stressing that the problems stemmed from lax oversight and controls within the company and not from any fraudulent intent. On Nov. 11, FTX filed for bankruptcy after facing severe liquidity shortages and a flood of withdrawals from panicked customers. According to the Wall Street Journal, at the time, FTX took approximately $10 billion in customer funds without authorization. Much attention has been focused on the relationship between the company and Alameda Research, its trading subsidiary. Bankman-Freed admitted that he was “embarrassed” that he did not pay due attention to conflicts of interest between the two companies, but insisted that he was not familiar with the details of Alameda and did not take over the management of the company. According to Coindesk, a cryptocurrency news site, Alameda’s balance is heavily dependent on FTX-created cryptocurrency, which is not pegged to any independent asset, FTT.

https://colab.research.google.com/drive/165DsONBIDoh_v6Zxbg8caIESi-Hiza5q
https://colab.research.google.com/drive/1y8C26XAQAeH5V2or_Bzt2ysnvo_Qvgl7
https://colab.research.google.com/drive/1QtwYs4kosVX6_z_dB-yXu70Fx9cOfGVR
https://colab.research.google.com/drive/1DQsCGGbnRqTBcFBEBTmneTgCevN4bBDs
https://colab.research.google.com/drive/1SEc1gmmkPKwzbXPMggxLNq0eWFLg7JlI
https://colab.research.google.com/drive/19QsmuQX3tE_rqHzGGZF5lJcvm_1p91pd
https://colab.research.google.com/drive/1YVg3RfN_DqMZxLsNZsUFON9XhEJvOLv_
https://colab.research.google.com/drive/17i9GAYbJgpxwj8G08Z-TX6Q1i3kPvW-I
https://colab.research.google.com/drive/1Zjv9D3ctOe1nkMNj8BcvcUVEf2TJSMrq
https://colab.research.google.com/drive/11oGu9LUVvVDnvfwvF2nJR4RZhlytlXoN
https://colab.research.google.com/drive/1VXcIDip0mUH-pTFy3dbesIv2Op3AEUY1
https://colab.research.google.com/drive/1pUVvxmb60urKeEh5IN8COXd2y61XTr6N
https://colab.research.google.com/drive/151pTg-5QkJou7vYjyF2cS-WdNxMPOdmL
https://colab.research.google.com/drive/1SzBY2w96LRhR8wyGBvBNdUO_WbunoYPv
https://colab.research.google.com/drive/1hTF9rXnA0zbUBD21aayu8K6YJE8_18vD
https://colab.research.google.com/drive/1ymJiR6AvjdJ6ggbAD6V375a5SjiKH-OI
https://colab.research.google.com/drive/1zzTleWjNo5iPKcO7UJCu32QDP6_UySs8
https://colab.research.google.com/drive/1gKvlaxBi7tB0i00U_sa3wDs9NVzjt8TF
https://colab.research.google.com/drive/14EzYtZC5AjthRDqQ8U0cPixPv0hAvX73
https://colab.research.google.com/drive/10wlBZlP9Z5qKWiGBmed10Fv0syFHLtCq
https://colab.research.google.com/drive/1qaGiW9g3nGzXmoYJZlbBcmESqQ2wqwWS
https://colab.research.google.com/drive/15nnAod_zTfy8jAMh5Gr9kNFSKS2RtsXc
https://colab.research.google.com/drive/1F45CPJvkwTYxM5ls6EGvyO8T3Wce0dDi
https://colab.research.google.com/drive/1f0gvGu-hWUq2lKBpy9boHBhr0iG_u_EJ
https://colab.research.google.com/drive/1IlxZLkrImDpjn3WIpP1LK7uKoTmjiEGm
https://colab.research.google.com/drive/1Ro4T2gC4iGNJMLTbNXTX3uvaH44GAjbo

Leave a Reply

Your email address will not be published.