FTX founder Sam Bankman-Fried arrested in Bahamas

The founder and former CEO of the bankrupt cryptocurrency platform FTX Sam Bankman-Fried has been arrested by the Royal Bahamas Police Force, according to authorities.

The Attorney General for the Bahamas said in a statement Monday that the Royal Bahamas police arrested the Bankman-Fried after the U.S. notified them of criminal charges against the ex-billionaire, noting that the U.S. “likely” to request extradition.