The post An Insider Scoop Into Sam Bankman-Fried’s Arrest! Here’s What’s Coming Next appeared first on Coinpedia Fintech News
Crypto is currently experiencing a surge in activity and interest, with one of the biggest pieces of news being the arrest of Sam Bankman-Fried in the Bahamas on Monday. The exact charges against Bankman-Fried are unclear at this time, as the conviction is still classified and neither U.S. prosecutors nor the Bahamas Attorney General has commented on the situation.
However, according to the New York Times, Bankman-Fried has been accused of wire fraud, securities fraud, and money laundering.
Legal Drama
The authorities have taken the first giant step toward holding persons accountable for the multibillion-dollar catastrophe of FTX that occurred a month ago by arresting the CEO.
SBF was detained in anticipation of extradition, according to a statement released on Monday, December 12 by Ryan Pinder, the attorney general of the Bahamas. Federal prosecutors
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