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Sam Bankman-Fried, ex-CEO of failed crypto firm FTX, arrested in Bahamas at US request

December 13, 2022

The former CEO of failed cryptocurrency firm FTX, Sam Bankman-Fried, was arrested Monday in the Bahamas at the request of the U.S. government, U.S. and Bahamian authorities. Bankman-Fried had been under criminal investigation by the two countries following the collapse last month of FTX. The firm filed for bankruptcy on Nov. 11, when it ran out of money after the cryptocurrency equivalent of a bank run.

Article Source: Baltimore Sun

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