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Fortune

Nicholas Gordon

Ex-FTX CEO Sam Bankman-Fried was arrested in the Bahamas. What happens next?

FTX Bahamas Sam Bankman-Fried Edward Snowden Meng Wanzhou SBF Huawei

(Credit: Lam Yik—Bloomberg via Getty Images)

Sam Bankman-Fried, the former CEO of the collapsed FTX cryptocurrency exchange, was arrested by Bahamas law enforcement on Monday evening.

“S.B.F.’s arrest followed receipt of formal notification from the United States that it has filed criminal charges against S.B.F. and is likely to request his extradition,” the government of the Bahamas said in a statement Monday night.

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