Sam Bankman-Fried, co-founder of FTX, has been arrested in the Bahamas after the U.S. files criminal indictment against the entrepreneur for mishandling user-funds.
Sam is held in Bahamian custody, pending an extradition process. The U.S. Government requested the Bahamian local authorities to arrest the co-founder until further notice.
The initial controversy with SBF started when FTX imploded last month on various accounts of fraud and user-mishandling.
[this is an ongoing report]