Bahamian AG and Prime Minister Announce Sam Bankman-Fried’s Arrest in The Bahamas – Bitcoin Information

Disgraced FTX co-founder Sam Bankman-Fried (SBF) has been arrested in The Bahamas, in accordance with native studies citing the nation’s lawyer basic Ryan Pinder. In response to Pinder, SBF’s arrest “adopted receipt of formal notification from the US that it has filed legal prices in opposition to SBF and is more likely to request his extradition.”

FTX Co-Founder Sam Bankman-Fried Is in Custody in The Bahamas

Following the collapse of FTX and Alameda Analysis final month and the chapter submitting on Nov. 11, 2022, Sam Bankman-Fried (SBF) has been arrested. On Dec. 12, 2022, The Tribune reported that lawyer basic (AG) Ryan Pinder disclosed the information to the press. The information follows the Bahamian AG insisting that FTX was topic of an “energetic and ongoing investigation.” Pinder advised the press on Monday that Bankman-Fried’s arrest in The Bahamas will possible result in a U.S. extradition.

“On 12 December 2022, the Workplace of the Lawyer Basic of The Bahamas is asserting the arrest by The Royal Bahamas Police Drive of Sam Bankman-Fried (SBF), former CEO of FTX,” the AG’s workplace detailed. “SBF’s arrest adopted receipt of formal notification from the US that it has filed legal prices in opposition to SBF and is more likely to request his extradition,” the Bahamian AG workplace declared.

The information follows the studies that stated ex-Alameda CEO Caroline Ellison employed Wilmerhale associate Stephanie Avakian, an lawyer that labored for the U.S. Securities and Alternate Fee (SEC). Bankman-Fried has reportedly retained lawyer Mark Cohen, the lawyer who represented Ghislaine Maxwell throughout her latest intercourse trafficking case. Prime minister (PM) Philip Davis defined to the press that The Bahamas intends to totally deal with the method with the US.

“The Bahamas and the US have a shared curiosity in holding accountable all people related to FTX who might have betrayed the general public belief and damaged the legislation,” Davis stated. “Whereas the US is pursuing legal prices in opposition to SBF individually, The Bahamas will proceed its personal regulatory and legal investigations into the collapse of FTX, with the continued cooperation of its legislation enforcement and regulatory companions in the US and elsewhere,” the PM added.

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Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information in regards to the disruptive protocols rising at this time.

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