The chief executive of FTX, one of the main U.S. crypto companies, was arrested Tuesday on the Caribbean island of the Bahamas on suspicion of “financial crimes,” the Southern District Attorney said in a publication. New York on social media twitter🇧🇷
Sam Bankman-Freed, 30, is due to stand trial in Nassau, the Bahamian capital. Later on Tuesday, the suspect is expected to testify via videoconference before a committee of the US House of Representatives.
The cryptocurrency company, worth about 32 million euros, filed for bankruptcy on November 11.
USA Damian Williams: Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the US government based on a closed indictment filed by SDNY. We expect to move on to the release of the indictment in the morning, by which time we will have more information.
— U.S. Attorney SDNY (@SDNYnews) December 12, 2022
Author: morning Post
Source: CM Jornal
I am Michael Melvin, an experienced news writer with a passion for uncovering stories and bringing them to the public. I have been working in the news industry for over five years now, and my work has been published on multiple websites. As an author at 24 News Reporters, I cover world section of current events stories that are both informative and captivating to read.