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Founder of the collapsed cryptocurrency exchange ftx. he will appear in a magistrates court in the bahamas today according to the authorities in the caribbean country. police said mr bankman fried was arrested for financial offences against laws in the us and the bahamas. joining me now is the bbc s cyber security reporterjoe tidy. good morning to you, joe. for anyone who does not know very much about ftx or sam bankman fried, tell us a bit about him and what his company did? ~ 1, ~ ., .,, did? well, sam bankman-fried was seen as a bit did? well, sam bankman-fried was seen as a bit of did? well, sam bankman-fried was seen as a bit of a did? well, sam bankman-fried was seen as a bit of a hero did? well, sam bankman-fried was seen as a bit of a hero in did? well, sam bankman-fried was seen as a bit of a hero in the - seen as a bit of a hero in the cryptocurrency industry, he ran the second biggest cryptocurrency exchange, ftx, and this is a business which allows you to change ....
Customers? if i could do that, that would be great. customers? if i could do that, that would be great. you customers? if i could do that, that would be great. you see customers? if i could do that, that would be great. you see there i customers? if i could do that, that| would be great. you see there how confident he would be great. you see there how confident he was would be great. you see there how confident he was that would be great. you see there how confident he was that he would be great. you see there how confident he was that he would i would be great. you see there how confident he was that he would be | confident he was that he would be ok, he wouldn t be arrested, he was convinced that everything would sort of be ok and off camera and on camera with myself and producer emmerdale is he was saying that he is looking forward to getting all those away and as you heard there, potentially starting a whole new company to try to pay back the customers of ftx. but as ....
Billion dollars at its peak but the cryptocurrency exchange ftx filed for bankruptcy last month. potentially leaving cryptocurrencies customers holding. back and now he s been arrested in the bahamas after the united states filed criminal charges against him in just one day for his suppose committee. elie honig is back with us. elie, why is this significant? the quest before we heard this news was was this the result of fraud or incompetence? well now we have the answer. the u.s. department of justice southern district of new york, my former office says, it s. fraud and they say he believe intentional acts, intentional misstatements. now he s looking at criminal charges. the as to why office is famous for these wall street corporate prosecutions from the john bombs, kisses from the 80s through burden ladle more recently. this could be another one in that line. what s gonna happen next? we, the united states, are going to try to extradite him. ....
Of any bahamas and he said he was innocent ofany criminalto, bahamas and he said he was innocent of any criminal to, you did admit that he has handled the company very badly, the finances were a mess, he admitted to making huge mistakes and he said sorry multiple times but he was convinced he would not be arrested, he was convinced he was innocent of any criminal wrongdoing. this is what he said to me. i didn t this is what he said to me. i didn t knowingiy this is what he said to me. i didn t knowingly commit fraud, i don t knowingly commit fraud, idon t think knowingly commit fraud, i don t think i knowingly commit fraud, i don t think i committed fraud, i didn t want think i committed fraud, i didn t want any think i committed fraud, i didn t want any of this to happen. i was certainly want any of this to happen. i was certainly sort not nearly as competent as i thought i was. it was a really competent as i thought i was. it was a really bad competent as i thought i was. i ....
Meet leon the third. leon the second. and leon. the first of them all. three generations, who all bank differently with chase. leon s saving up for his first set of wheels. nice try. really? this leon s paying for his paint job on the spot. and this leon, as a chase private client, he s in the south of france, taking out cash with no atm fees. that s because this family of leons has chase. actually, it s león. ooh la la! one bank for now. for later. for life. chase. make more of what s yours. his company was worth $32 billion at peak but cryptocurrency exchange ftx filed for bankruptcy potentially leaving its customers holeing ....