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Evening Standard
Evening Standard
World
Josh Salisbury

Sam Bankman-Fried: Arrested crypto exchange boss hugs parents as he is denied bail on fraud charges

Bankman Sam Bankman-Fried FTX Damian Williams Crypto

Former cryptocurrency exchange entrepreneur Sam Bankman-Fried hugged his parents as he was denied bail after being charged with “one of the biggest financial frauds in American history”.

The former boss of failed cryptocurrency exchange FTX was arrested in the Bahamas on Monday and was charged by the US Securities and Exchange Commission (SEC) with fraud and violating campaign finance laws.

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