Damian Williams, the U.S. attorney for the Southern District of New York, filed charges Monday against former FTX CEO Sam Bankman-Fried on the eve of his scheduled testimony before the House Financial Services Committee.
Bahamian authorities arrested Bankman-Fried at the request of the U.S. government Monday evening. The U.S. attorney’s office expects to file to unseal the indictment Tuesday morning, Williams said. He didn’t specify the charges.
The arrest will disrupt Bankman-Fried’s plans to testify Tuesday before the House Financial Services Committee about the collapse of his company, at one time the second biggest cryptocurrency exchange in the world. The Bahamas Attorney General’s Office said it would keep him in custody under the nation’s extradition law.
