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Former FTX CEO Sam Bankman-Fried arrested in the Bahamas

The former CEO of the failed cryptocurrency firm FTX has been arrested in the Bahamas, according to a statement Monday by that nation’s government.

The Bahamian attorney general said in a statement released Monday that Sam Bankman-Fried had been detained upon request from the U.S.

“The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law,” Prime Minister Philip Davis said in a statement.

The attorney general’s office said it expects to extradite Mr. Bankman-Fried to the U.