FTX founder Samuel Bankman-Fried arrested in Bahamas at US govt's request
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The former CEO of failed cryptocurrency firm FTX, Sam Bankman-Fried, was arrested on Monday in the Bahamas at the request of the US. government, US and Bahamian authorities. Bankman-Fried had been under criminal investigation by the two countries following the collapse last month of FTX. The firm filed for bankruptcy on November 11, when it ran out of money after the cryptocurrency equivalent of a bank run.
