The Royal Bahamas Police Force arrested Sam Bankman-Fried following reports that the US has filed criminal charges against the founder and former CEO of cryptocurrency exchange FTX and will likely request his extradition.
The Bahamas Attorney General’s Office said today, as reported by BNO and other news outlets, that it would detain Bankman-Fried until “a formal request for extradition is made.” “The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law,” said Bahamian Prime Minister Philip Davis in a statement. While the US pursues criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into FTX’s demise, with the continued cooperation of its law enforcement and regulatory partners in the US and elsewhere.”