FTX founder Sam Bankman-Fried was arrested in the Bahamas, the United States has filed criminal charges against him, and the Bahamian government expects the United States to submit an extradition request soon. The sudden collapse of FTX, one of the largest bitcoin exchanges, may have cost its customers billions of dollars. U.S. prosecutors are expected to unseal the indictment on Tuesday morning local time. Bahamas Attorney General Ryan Pinder said in a statement that the decision to arrest and detain Sam Bankman-Fried was based on the notice and materials received. If a formal extradition request is received, the Bahamas will proceed in accordance with its laws and the agreements of the United States.
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