Looks like embattled FTX CEO Sam Bankman-Fried will not be testifying (nearly) earlier than Congress in any case. The Bahamas Attorney General’s Office announced Monday that Bankman-Fried has been arrested there and is more likely to be extradited in brief measure again to the US to face trial. The AG’s workplace famous that his arrest got here after, “receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition.”  

The information of SBF’s arrest ought to come as little shock on condition that final Friday the Department of Justice got here out and stated that it was constructing a fraud case towards him. Justice Department officers made these statements whereas assembly with the crypto trade’s chapter staff to debate whether or not FTX had improperly moved lots of of tens of millions of {dollars} simply forward of its declared chapter final November.

Developing…