Royal Bahamas Police Force have confirmed the arrest of Samuel Benjamin Bankman-Fried, the former CEO of crypto exchange FTX, which has filed for bankruptcy in the US.
Officers of the Financial Crimes Investigation Unit (FCIU), arrested Bankman-Fried shortly after 6:00 p.m. on Monday 12th December 2022 at his apartment complex, located Albany, Nassau Bahamas.
He was arrested reference to various Financial Offences against laws of the United States, which are also offences against laws of the Commonwealth of The Bahamas.
He was taken into custody without incident and will appear in Magistrate Court, Nassau Bahamas on Tuesday 13th December, 2022.
At such time as a formal request for extradition is made, The Bahamas intends to process it promptly, pursuant to Bahamian law and its treaty obligations with the United States.
Responding to SBF’s arrest, Prime Minister Davis stated:
“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.”
