Bankman-Fried, disgraced former CEO of FTX crypto exchange, arrested in Bahamas

The FTX Arena logo is seen where the Miami Heat basketball team plays on Nov. 12, 2022, in Miami. The former CEO of failed crypto firm FTX Sam Bankman-Fried has been arrested in the Bahamas at the request of the U.S. government, the U.S. attorney’s office in New York said Monday, Dec. 12. (AP Photo/Marta Lavandier, File)

Sam Bankman-Fried, the notorious former CEO of crypto exchange FTX, has been arrested in the Bahamas, the office of the attorney general of The Bahamas said on Monday night.

The arrest was made at the request of the U.S. government, based on a sealed indictment filed by the Southern District of New York, U.S. Attorney Damian Williams said in a tweet also on Monday night.

Williams expects to unseal the indictment on Tuesday morning, and he “will have more to say at the time.”