Sam Bankman-Fried Arrested in Bahamas.

The Bahamas police have arrested Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, and he will

appear in a Magistrates Court in The Bahamas today.

Police said Bankman-Fried was arrested for Financial Offences against laws in the United State and the Bahamas.

Last month FTX filed for bankruptcy in the United State, leaving many users unable to withdraw their funds.

The Attorney General of the Bahamas in a statement said Bankman-Fried would be held in custody pursuant to the nation’s Extradition Act.