SBF was arrested by Bahamian authorities at the request of the U.S. government

The FTX founder and ex-CEO Sam Bankman-Fried has been in “hiding” in the Bahamas since the FTX collapse, and he has never appeared so much in the social media and in interviews. However, when he was requested by Maxine Waters, Chairwoman of the House Financial Services Committee, to appear, Mr. Bankman-Fried refused, saying he needed to learn what happened before he could present himself. This opportunity may present itself sooner than expected but in a different format.
Following a sealed indictment filed by the U.S. Attorney for the Southern District of New York, SBF was arrested yesterday in his residence by Bahamian authorities, and is likely to be extradited to the U.S..
According to sources of the New York Times, SBF faces criminal charges such as wire fraud, conspiracy to commit wire fraud and securities fraud, money laundering. The exact charges should be known later today as the SDNY unseals the indictment.
The SEC is preparing its own set of charges against the disgraced founder, to be made public tomorrow according to Gurbir Grewal, Director of the SEC’s Division of Enforcement. One of his predecessors, Stephanie Avakian, was hired by Alameda’s former CEO Caroline Ellison.

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