Bahamas authorities arrest Security Belt forces at the request of the United States government

Sam Bankman-Fried, aka SBF, former CEO of bankrupt cryptocurrency exchange FTX, has been arrested in the Bahamas, and the former FTX head is likely to be extradited to the United States.

SBF’s arrest comes a month after the sudden collapse of once-mighty FTX, which later filed for Chapter 11 bankruptcy.

  • According to a press release issued on Monday (December 12, 2022) from the Bahamas Attorney General’s Office, the SBF arrest was carried out by the Royal Bahamas Police Force.
  • According to the announcement, the arrest of the former crypto billionaire came after the United States notified The Bahamas of criminal charges against the SBF.
  • The Bahamas, meanwhile, is awaiting an extradition request from the United States, which it says will be processed immediately “in accordance with Bahamas law and its treaty obligations with the United States.”
  • Commenting on the latest development, Bahamas Prime Minister Philip Davis said:

“The Bahamas and the United States have a shared interest in holding accountable any individuals associated with FTX who may have betrayed the public trust and violated the law. While the United States pursues criminal charges against SBF individually, The Bahamas will pursue its regulatory and criminal investigations into the collapse of FTX, while continuing to cooperate with its FTX partners. The field of law enforcement and regulation in the United States and elsewhere.

  • US Attorney for the Southern District of New York Damian Williams, has been confirmed The arrest tweeted, stating that the action was taken “at the request of the US government, based on a sealed indictment filed by SDNY.” The indictment is expected to be dismissed on the morning of December 13, 2022.
  • SBF’s arrest is the largest in the crypto industry and comes a month after the collapse of cryptocurrency exchange FTX. Earlier in December, the former CEO He agreed to testify Before the US House Committee on Financial Services, scheduled for December 13.

Post SBF Arrest by Bahamian Authorities at the behest of the US Government appeared first on CryptoPotato.

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