
Disgraced crypto king faces criminal charges and SEC lawsuit. Sam Bankman-Fried, founder and head of the popular cryptocurrency exchange FTX, has been arrested in the Bahamas at the behest of U.S. prosecutors, who have filed charges against him. Bankman-Fried also faces charges from the U.S. Securities and Exchange Commission (SEC).
Bankman-Fried's arrest follows revelations that FTX lent customer assets to Alameda Research, which he also owned, and that FTX had filed for bankruptcy.