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FTX CEO arrested in Bahamas

FTX CEO arrested in Bahamas

Sam Bankman-Fried, Founder and former CEO of cryptocurrency exchange FTX, was reportedly arrested in the Bahamas following the US criminal complaint. FTX filed for bankruptcy in November due to a liquidity problem. Bankman-Fried, who allegedly used user assets in suspicious and risky transactions, denied these allegations.

In a written statement made by Bahamas Attorney General Ryan Pinder, it was noted that the former CEO of FTX, Bankman-Fried, was arrested by the Bahamas police.

In the statement, it was stated that Bankman-Fried’s arrest was made after the official notification of the US criminal complaint and possible extradition request.

Bahamas Prime Minister Philip Davis said: “The Bahamas and the United States have a common interest in holding accountable any individuals associated with FTX who may have betrayed public trust and broken the law.”.

Bahamalar merkezli FTX, kasım ayında, ABD’de iflas sürecini başlatmış ve şirketin CEO’su Sam Bankman-Fried istifa etmişti.


The bankruptcy filing in question came after FTX’s liquidity problem. Tens of thousands of users worldwide had lost access to their assets in FTX.

In the news in the US press, it was claimed that Bankman-Fried transferred user assets to his other company, Alameda Reserch, and signed risky investments with them.


Prior to its bankruptcy, the events in FTX, which was one of the 5 largest crypto money exchanges in the world in terms of transaction volume, caused great turmoil in the crypto money markets. With the loss of confidence, approximately 200 billion dollars was wiped out from the market, and investors suffered great losses.

Until 2 months ago, Bankman-Fried was often portrayed as the child of crypto money.


Bankman-Fried, who has been staying at his luxury home in the Bahamas for a while, said: “I didn’t try to defraud anyone. I saw a rising business opportunity. What happened last month shocked me,” said Bankman-Fried.

Bankman-Fried added that he had $100,000 left and only one working credit card.

FTX and its sister company in the USA had increased its market value to $ 40 billion with its recent investment. Bankman-Fried, 30, had a net worth of $26 billion before November, according to Forbes data. He was among the 50 richest people in the world.

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