The US Securities and Exchange Commission (SEC) has charged disgraced cryptocurrency baron Sam Bankman-Fried with defrauding FTX investors and customers – just hours after he was arrested in The Bahamas.
In a statement on Tuesday morning, the SEC said the 30-year-old “orchestrated a years-long fraud” at FTX where he diverted customer funds to Alameda Research – a private hedge fund which he also owed – and kept it hidden from investors.
