FTX FORMER BOSS JAILED IN BAHAMAS AS USA REGULATORS CRACK DOWN WITH CHARGES
December 23rd, 2022
Disgraced former crypto king Sam Bankman-Fried is facing years in jail and huge fines after being charged with multiple fraud offences following the collapse of crypto-trading platform FTX and its associated hedge fund Alameda Research. He is accused of illegally funnelling FTX customer funds for his own personal gain and for Alameda investments.
The former FTX CEO, whose companies filed for US Chapter 11 bankruptcy on November 11, was arrested in The Bahamas on December 12, where key parts of his former crypto empire were headquartered. Parent FTX ...
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