Sam Bankman Fried, the disgraced founder of crypto exchange FTX, was arrested on Monday evening as the U.S. government filed for criminal indictment. The arrest took place just a day before SBF’s scheduled hearing before the U.S. congress.
Following SBF’s arrest House Financial Services Committee Chair Maxine Waters, D-Calif. expressed her disappointment and surprise over the arrest. In her message after the arrest, Waters said:
“I am surprised to hear that Sam Bankman-Fried was arrested in the Bahamas at the direction of the United States Attorney for the Southern District of New York. It’s about time the process to bring Mr. Bankman-Fried to justice has begun.
However, as the public knows, my staff and I have been working diligently for the past month to secure Mr. Bankman-Fried’s testimony before our Committee tomorrow morning. We received confirmation this afternoon from Mr. Bankman-Fried and his lawyers that he was still planning to appear before the Committee tomorrow,
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