Sam Bankman-Fried has been arrested in the Bahamas over the collapse of cryptocurrency firm FTX.
The former CEO of FTX now faces extradition to the US.
The arrest was announced in a statement from the office of the Attorney General of the Bahamas this afternoon.
It stated the arrest was made as Bankman-Fried faces criminal charges in the US, with the nation "likely to request his extradition".
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FTX filed for bankruptcy on November 11, when the firm ran out of money after the cryptocurrency equivalent of a bank run.
The collapse of crypto’s second-largest exchange has garnered worldwide attention, leaving many customers out of pocket.
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