BREAKING: The U.S. Securities and Exchange Commission on Tuesday charged Sam Bankman-Fried, the embattled former CEO of cryptocurrency giant FTX and trading firm Alameda Research, with defrauding investors.
Samuel Bankman-Fried, founder and CEO of FTX, testifies during a Senate Committee on Agriculture, Nutrition and Forestry hearing about"Examining Digital Assets: Risks, Regulation, and Innovation," on Capitol Hill in Washington, DC.Sam Bankman-Fried
Damian Williams, U.S. attorney for the Southern District of New York, said on Monday that specific charges were expected to be unsealed Tuesday. The arrest "followed receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition," the Bahamas Attorney General's Office said.
In response to the arrest announcement, Bahamas Prime Minister Philip Davis said, “The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law." "While I am disappointed that we will not be able to hear from Mr. Bankman-Fried tomorrow, we remain committed to getting to the bottom of what happened, and the committee looks forward to beginning our investigation by hearing from Mr. John Ray III tomorrow," she added.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX ex-CEO Sam Bankman-Fried says he wants to start a new businessSam Bankman-Fried, the disgraced founder of the failed crypto-exchange FTX, says he wants to start a new business to help his investors make back the money they lost in the crash.
Read more »
CEO Michael McCaffrey bought Bahamas pad with $43M in loans from Sam Bankman-Fried: reportMichael McCaffrey stepped down as CEO of The Block last week after news of the loans was first reported by Axios. The Block issued a statement confirming the report.
Read more »
Podcast: The Block in Crisis After CEO Loaned Millions By Sam Bankman-Fried | CoinMarketCapAlso coming up — why one U.S. politician is suggesting that cryptocurrencies should be banned altogether.
Read more »
Ex-FTX CEO Sam Bankman-Fried says he will testify remotely before House committeeDisgraced former FTX chief Sam Bankman-Fried confirmed he will testify remotely on Tuesday before a House committee regarding the crypto exchange's collapse.
Read more »