Sam Bankman-Fried Arrested in Bahamas !

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The former CEO of the insolvent cryptocurrency exchange FTX, Sam Bankman-Fried, was detained by Bahamian police on Monday.

An arrest of Bankman-Fried in The Bahamas was confirmed by a spokesman for the Manhattan office of the U.S. Attorney.

According to a statement from the Southern District Court of New York, cited by U.S. attorney Damian Williams, Bankman-Fried was detained in response to a sealed indictment.

Bankman-Fried may be extradited to the US, according to the Bahamas' Office of the Attorney General.