Sam Bankman-Fried, the notorious former CEO of crypto exchange FTX, is facing a raft of federal fraud charges, accused of misleading investors and using billions of dollars from his customers for his own ends. He was arrested in the Bahamas, where he lives, the office of the attorney general of the Bahamas said on Monday night.
A federal grand jury indicted Bankman-Fried on eight criminal counts, ranging from wire fraud to conspiracy to commit money laundering and violating campaign finance laws, according to an indictment unsealed Tuesday morning.
