Former CEO of cryptocurrency exchange FTX, Sam Bankman-Fried, has been detained in the Bahamas after receiving an official appeal from US authorities on criminal charges against him there. He is accused of fraud, conspiracy to commit a crime and money laundering.
The detainee will remain in custody until the United States requests the extradition of Bankman-Fried, writes TechCrunch.
- As of early 2022, FTX was valued at $32 billion, but filed for bankruptcy on November 11. After the launch of CoinDesk’s investigation into the exchange’s inability to meet its obligations, investors began withdrawing money from the platform, devaluing the FTX FTT token.
- Then the company reported an attack by hackers, as a result of which the attackers managed to withdraw more than $380 million, and the total damage amounted to $600 million.
- Later, Sam Bankman-Fried was accused of losing up to $2 billion in a secret transfer, and it later emerged that the bankrupt FTX spent $121 million on the homes of employees and the family of the company founder.
Author:
karina pardaeva
Source: RB
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
