Founder of the unfortunate cryptocurrency platform FTX, Sam Bankman-Fried, Detained in the Bahamas, he will be charged with the following charges by the New York District Attorney’s Office: electronic fraud, securities fraud, securities fraud conspiracy and money laundering, The New York Times announced this Tuesday.
Bankman-Fried was arrested on Tuesday Bahamas After New York Southern District Attorney Damian Williams charged him.
Williams reported in a tweet: Bahamian authorities arrested Bankman-Fried at the request of the UK Government. No details were given about the US “based on a secret accusation” presented by the prosecution.
The New Times, citing a person who has knowledge of legal processes, On Tuesday, he announced the charges against which the founder of the platform is accused.
He also revealed that Bankman-Fried was a collaborator during the arrest, according to a person familiar with the matter. ThisHe will be brought before the Magistrates’ Court in Nassau, the capital city of the Bahamas.
Bahamas Prime Minister Philip Davis said in a statement released by the media that his country and the United States “They have a common interest in holding accountable any individuals associated with FTX who may have betrayed public trust and broken the law.”
FTX has been bankrupt since November
FTX filed for bankruptcy on Nov. and later that month, the company’s new directors appeared before the state of Delaware (US) bankruptcy court for the first time to begin the restructuring process.
Attorneys for the new board and its current chairman, John Ray, argue that a “significant amount” of the company’s assets may have been stolen or lost.
The new executives of the company also filed a criminal complaint. “complete absence of corporate controls” and lack of “reliable financial information”.
which platform It was worth $32 billion. may have more than one million creditors worldwide. So far, the company has admitted it owes more than $3 billion to its top 50 creditors.
But Bankman-Fried blames the bankruptcy in part on the massive cryptocurrency sale that occurred earlier in the year. For the company’s founder, this sale halved FTX’s warranty to about $30,000 million.
At this point, the sale of cryptocurrencies continued along with the credit crunch and the “flight of the bank,” according to Bankman-Fried. FTX reduced the guarantee to 9,000 million before declaring bankruptcy.