Why was former FTX CEO Sam Bankman-Fried arrested by Bahamian authorities?
Former FTX CEO Sam Bankman-Fried, also known as "SBF," has been arrested, according to the official Twitter account of the United States Attorney for the Southern District of New York.
On Monday, December 12, 2022, Damian Williams announced that Bankman-Fried had been arrested by the Bahamian authorities at the request of the U.S. Government "based on a sealed indictment filed by the SDNY." He added that the indictment is expected to be unsealed on Tuesday, December 13, 2022.
On Monday, prominent YouTuber and internet detective Coffeezilla took to Twitter to share an official announcement by the Attorney General of the Bahamas regarding Sam Bankman-Fried's arrest.
The content creator added that SBF was facing "likely extradition":
Pinder announced that the Royal Bahamas Police Force had arrested Bankman-Fried and that a formal notification had been filed with criminal charges against the former FTX CEO:
It was also stated that the Attorney General would detain Bankman-Friend in custody in accordance with the nation's Extradition Act.
Bahamas Prime Minister Philip Davis also explained why Bankman-Fried was arrested, saying:
Davis added that the Bahamas would continue their criminal investigations to seek the "collapse of FTX":
Coffeezilla's update on SBF's arrest went viral, as the reaction thread accrued over 700 fan reactions in a matter of hours. Here's what the Twitter community had to say:
On December 8, 2022, Coffeezilla uploaded a 23-minute video in which he interviewed Sam Bankman-Fried for the third time and allegedly got him to admit to "fraud."
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