SEC Indicts Sam Bankman-Fried and FTX In Cryptocurrency Collapse
The former CEO of the FTX cryptocurrency exchange has been arrested in connection with the company’s bankruptcy and collapse. Sam Bankman-Fried (SBF) was arrested in The Bahamas on Monday, December 12, 2022, at the request of US authorities and denied bail. His entire operation is detailed in the petition by the US Securites & Exchange Commission filed the day after his arrest in the US District Court in the Southern District of New York. The SEC is demanding a jury trial. Continue reading ›