Sam Bankman-Fried was arrested by Bahamian authorities at the request of the U.S. government. Just a day before the former FTX CEO was scheduled to testify before Congress.
Bankman-Fried was arrested by the Royal Bahamian Police after an official announcement from the US government that it had filed criminal charges against him. According to a December 12 statement by the Attorney General of the Bahamas (AG) and Attorney General Ryan Pinder.

Quoting someone familiar with the matter. The New York Times reported on December 12 that the charges against Sam Bankman-Fried included securities fraud and suspicious transfers as well as money laundering .
The United States is likely to request the extradition of Sam Bankman-Fried, Pinder said that the Bahamas will "immediately" process any extradition requests.

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