Police in the Bahamas have arrested Sam Bankman-Fried, the founder of bankrupt crypto firm FTX.
The country’s attorney general said the Bahamas received formal notification from the US that criminal charges have been filed against him there.
FTX, the world’s second-largest cryptocurrency exchange, filed for bankruptcy protection in the States last month and Bankman-Fried resigned as chief executive, triggering a wave of public demands for greater regulation of the cryptocurrency industry.
The distressed crypto trading platform struggled to raise money to stave off collapse as traders rushed to withdraw $6bn (£4.89bn) from the platform in just 72 hours.
