World News | Former FTX CEO Sam Bankman-Fried Arrested in the Bahamas

New York, Dec 13 (AP) The former CEO of failed crypto firm FTX Sam Bankman-Fried has been arrested in the Bahamas at the request of the US government, the US attorney's office in New York said on Monday.

Bankman-Fried is under criminal investigation by US and Bahamian authorities following the collapse last month of FTX. The firm filed for bankruptcy on November 11, when it ran out of money after the cryptocurrency equivalent of a bank run. (AP)

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)