By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: Bahamian Authorities arrest FTX’s Sam Bankman-Fried for money laundering and wire fraud
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
  • NFT Collection
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Web Stories
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
  • Videos
  • Events
    • Metaverse Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
HOME > News > CRYPTOPEDIA > ETHEREUM NEWS > Bahamian Authorities arrest FTX’s Sam Bankman-Fried for money laundering and wire fraud
CRYPTOPEDIAETHEREUM NEWSNews

Bahamian Authorities arrest FTX’s Sam Bankman-Fried for money laundering and wire fraud

news room
Posted news room December 13, 2022 114 Views 2 Min Read
Updated 2023/01/20 at 4:27 PM
Bahamian Authorities arrest FTXs Sam Bankman Fried for money laundering and wire fraud 3
SHARE

Sam Bankman-Fried was arrested by the Royal Bahamas Police Force Authorities a few hours ago. The ex-CEO of FTX has been charged by the US court with money laundering, wire fraud, and bank fraud, which could possibly result in a life sentence in prison, according to New York Times.

tuxpi.com .1670911780

FTX, which was responsible for the bankruptcy of almost 130 companies after its executives along with SBF fled to the scene, leaving the crypto market vulnerable, has now finally been brought to US land by the Bahamas Authorities. The arrest was officially announced by the Bahamas Attorney General, Sen. Ryan Pinder KC. 

“The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX,” the country’s PM Philip Davis said in a statement. 

He also added that the country’s authorities will also be probing the case separately based on its own “regulatory and criminal investigations” over the collapse of FTX. 

SBF and the executives were actively part of committing fraud and exploiting the customers’ funds for personal expenses. Evidence presented shows Alameda Research was given permission to borrow FTX customers’ funds without any limits.

On the other hand, Australian Financial Times reports there was a separate group on Signal called “Wirefraud” consisting of co-founder Zixiao “Gary” Wang, engineer Nishad Singh, the CEO of Alameda Research Caroline Ellison, and more.

The arrest warrant to the Bahamas was sent just a while ago in a sealed indictment filed by the SDNY. Now, SBF is scheduled to appear before Congress tomorrow where he will testify for his charges and then will be indicted by the court. 

TAGGED: Bahamian Authorities, FTX’s Sam Bankman-Fried, money laundering

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article ElasticSwap gets hacked Attackers drain 374K worth of USDC and TIC ElasticSwap gets hacked! Attackers drain $374K worth of USDC and TIC
Next Article A law firm gifts lifetime mental health service NFTs to its employees 1 A law firm gifts lifetime mental health service NFTs to its employees
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Premier League to unveil NFT trading cards with Sorare 2
Premier League to unveil NFT trading cards with Sorare 
LATEST NFT NEWS & METAVERSE News February 1, 2023
Ordinals Protocol jolts controversy over Bitcoin NFTs 1
Ordinals Protocol jolts controversy over Bitcoin NFTs
LATEST NFT NEWS & METAVERSE News February 1, 2023
maxresdefault 1
Metaverse is the Web3’s killer app: Interview with Barn & Edward
INTERVIEW February 1, 2023
Join us
Ad imageAd image

You Might also Like

Premier League to unveil NFT trading cards with Sorare 2
LATEST NFT NEWS & METAVERSENews

Premier League to unveil NFT trading cards with Sorare 

February 1, 2023
Ordinals Protocol jolts controversy over Bitcoin NFTs 1
LATEST NFT NEWS & METAVERSENews

Ordinals Protocol jolts controversy over Bitcoin NFTs

February 1, 2023
Amazon embraces NFTs new games initiatives coming soon
LATEST NFT NEWS & METAVERSENews

Amazon embraces NFTs, new games & initiatives coming soon

January 31, 2023
SEC rejects Ark and 21Shares Bitcoin ETF Proposal again
LATEST NFT NEWS & METAVERSENews

SEC rejects Ark and 21Shares’ Bitcoin ETF Proposal again

January 31, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?