This FTX Parivartan, located in the Bahamas, was launched in 2019 (File photo)
Sam Bankman-Fried (Sam Bankman-Fried) shift FTX (Cryptocurrency Exchange FTX) was established. He is being named a well-known name in the world of crypto. This crypto transformation was forced to declare bankruptcy last month due to a lack of financial liquidity. According to Reuters, Now on Monday, in the case of criminal scam in America, Sam Bankman the Bahamas (Bahamas) has been arrested. For entrepreneur Sam Bankman-Fried, 30, it marks a more surprising drop than expected. They rode the crypto boom to create one of the biggest crypto exchanges in the world. According to Forbes, a year ago he earned $ 26.5 billion.
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This change, based in the Bahamas, launched in 2019. The change filed for bankruptcy on November 11. Because it was struggling to arrest the decline, dwindling funds. At that time the process removed $6 billion back from FTX in just 72 hours.
The Attorney General’s Office of the Bahamas reported that the arrest was made after receiving official confirmation of fraud against Bankman-Fried. Together they said that Bankman would be extradited to the US.
The US Attorney’s Office in Manhattan confirmed the arrest. “Bahamian authorities arrested Samuel Bankman-Fried at the request of the US government,” US Attorney Damian Williams said in the statement.
Mark Cohen, a lawyer for Bankman-Fried, did not immediately respond to a request for comment.
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