The Royal Bahamas Police Force arrested FTX founder Sam Bankman-Fried, a press statement said.
The arrest came after the U.S. filed criminal charges against Bankman-Fried, the statement said, and the nation expects the U.S. to request The Bahamas extradite Bankman-Fried in short order.
This news have been long expected. Sam Bankman-Fried even acknowledge in one of his interviews that he was expecting his arrest and persecution. The former FTX boss have many questions to answer and I am glad the government of The Bahamas is giving the United States all the corporation and assistance they need. They are considering extraditing him to the US to face criminal charges.
It is a welcome development to see that SBF would be held responsible for his financial recklessness, but investors might never get their money back. Sam claimed that FTX has enough funds to pay all its US customers but investors or clients from other country might never get their money back because their funds are not under his control.