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Sam Bankman-Fried has been arrested today in the Bahamas, the Office of the Attorney General of the Bahamas has confirmed. Sam Bankman-Fried has been arrested by Bahamian police following a “receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition.”
The arrest of the former CEO of FTX came on the eve of his scheduled testimony before the House Financial Services hearing on the collapse of the FTX.
To the request of the Senate Committee on Banking, Housing and Urban Affairs to testify at the hearing on “Crypto Crash” on December 20, 2022, Sam Bankman-Fried’s legal team declined to respond.
“Sam Bankman-Fried’s counsel did not respond by the stated deadline. We believe it’s important that Bankman-Fried show he is willing to provide transparency and accountability to the American people by providing testimony,” said Senators Brown and Toomey.
Bankman-Fried is in custody at the moment and is awaiting extradition to the United States.
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