Sam Bankman-Fried, the former CEO of the defunct cryptocurrency exchange FTX, has been arrested in the Bahamas, according to US officials.
The US attorney’s office in New York said that the FTX founder had been detained at the US government’s request.
Following FTX’s demise last month, Bankman-Fried is the subject of a criminal investigation by US and Bahamian authorities. When the company ran out of money following the cryptocurrency equivalent of a bank run, it filed for bankruptcy on 11 November.