The Bahamas’ Attorney General and Prime Minister Announce Sam Bankman-Arrest Fried’s

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According to local sources citing Ryan Pinder, the attorney general of The Bahamas, disgraced FTX co-founder Sam Bankman-Fried (SBF) has been detained there.

SBF was arrested “after receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition,” according to Pinder.

Sam Bankman-Fried (SBF) has been detained as a result of the failure of FTX and Alameda Research last month and the filing for bankruptcy on November 11, 2022.

The Tribune stated on December 12, 2022, that Ryan Pinder, the attorney general, had informed the media of the development.

The announcement comes after the Bahamas’ attorney general insisted that FTX was under “active and continuous investigation.” Pinder informed the media on Monday that a U.S. extradition is most likely to follow Bankman-detention Fried’s in The Bahamas.

Sam Bankman-Fried (SBF), the former CEO of FTX, was detained on December 12 by The Royal Bahamas Police Force, according to a statement from the Attorney General’s office.

The Bahamian AG office reported that SBF was arrested “after receipt of formal information from the United States that it has filed criminal charges against SBF and is likely to request his extradition.”

The Southern District of New York prosecutors told the New York Times (NYT) that SBF had been charged and that his “indictment would be unsealed” on Tuesday.

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