Sam Bankman-Fried charged by US with fraud over FTX collapse
The development after police in the Bahamas arrested Bankman-Fried on Monday
Source: gulfnews.com
Stay updated with breaking news from John Jay Ray. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The development after police in the Bahamas arrested Bankman-Fried on Monday
Bankman-Fried "commingled FTX customers' funds at Alameda to make undisclosed venture investments, lavish real estate purchases, and large political donations" alleges the SEC.
Bankman-Fried is being held in custody pending an extradition process,
Maxine Waters has said that she was disappointed about the news of FTX founder's arrest a day before the U.S. congress hearing.
The development after police in the Bahamas arrested Bankman-Fried on Monday