FTX founder Sam Bankman-Fried has reportedly been arrested in the Bahamas. The arrest was followed by a request by the US government based on a sealed indictment filed by the Southern District of New York informing the authorities in the Bahamas that he has been charged with multiple criminal offences, including wire and securities fraud, conspiracy to commit wire and securities fraud and money laundering. Ryan Pinder, the Bahamas Attorney General and Minister of Legal Affairs said any extradition request would be processed promptly. The US Department of Justice was also investigating whether FTX had improperly transferred its assets when the exchange declared bankruptcy.

Source: https://cointelegraph.com