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FTX founder Sam Bankman-Fried arrested in Bahamas

Bahamas police have arrested Sam Bankman-Fried, founder of collapsed cryptocurrency exchange FTX, the country’s attorney general said.

The Bahamas said they had received a formal notice of criminal charges against Mr Bankman-Fried from the US.

Last month, FTX filed for bankruptcy in the US, leaving many users unable to withdraw their funds.

It was the second largest crypto exchange in the world, trading about $10 billion in crypto coins daily.

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