FTX founder Sam Bankman-Fried has been arrested

The founder of FTX Sam Bankman-Fried has been arrested. He is arrested by “The Royal Bahamas Police Force”.

Police said, “Mr. Bankman-Fried was arrested for ‘Financial Offences’ against laws in the US and The Bahamas”. Last month FTX filed for bankruptcy in the US, leaving many users unable to withdraw their funds. According to a court filing last month, FTX owed its 50 largest creditors almost $3.1bn. It is unclear how much people who have funds in the exchange will get back at the end of bankruptcy proceedings, though many experts have warned it may be a small fraction of what they had deposited.

Bahamian Prime Minister Philip Davis said, “The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law. While the United States is pursuing criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere.”

The wall street regulators said us that they will take action against Sam Bankman-Fried. But we can’t contact Sam Bankman-Fried’s lawyers. Cryptocurrency is a crazy world and people are being crazy about it. Let’s see how this world gonna change the world. It’s already changing lots of people’s life.

Read More: Top 7 Smartwatches in 2023

Sam Bankman-Friend is really an intelligent person with a great mind. But his company FTX was bankrupt last month. It’s really a piece of bad news for the cryptocurrency world. People are just joining this world and at this moment they face a big fallout. It’s really not a very good point.

Let’s see where it’s going to end. At this moment we can’t do anything without waiting for the end.



Who is Sam Bankman-Fried?

Sam Bankman-Fried is an American billionaire, entrepreneur, and investor and he’s also the founder and CEO of FTX.

What is FTX?

FTX was a cryptocurrency exchange that promotes the liquidity and transacting of coins and tokens.

How many people use FTX?

FTX has more than 1 million users.

Who is the CEO of FTX?

Sam Bankman-Fried is the CEO of FTX.

What is FTT?

FTT stands for FTX Token

What is the FTX Token Price Today?

FTX Token price at this moment (13 December 2022) is $1.39.

FTX Toke Price Today in TK?

FTX Token price is 150tk at this moment.

What is your reaction?

In Love
Not Sure

Leave a reply

Your email address will not be published. Required fields are marked *