The Bahamas Attorney General, Senator John Delaney QC has announced the arrest of Sam Bankman-Fried.

Samuel Bankman-Fried (born March 6, 1992), also known by his initials SBF, is an American entrepreneur, investor and founder and former CEO of the cryptocurrency exchange FTX, FTX.US, and crypto trading firm Alameda Research. FTX experienced a crisis in late 2022, which led to a collapse in FTX’s native cryptocurrency, FTT. Amid the crisis, Bankman-Fried announced he would wind down operations at Alameda Research and resigned as CEO of FTX, which filed for Chapter 11 bankruptcy. (wiki)

This announcement comes only four hours after SBF declined to testify in front of Congress.

NEW: Former FTX CEO @SBF_FTX declines to testify before Senate or accept service of subpoena, the @SenateBanking committee said in a statement
– Committee says they offered Bankman-Fried two different possible dates for testimony and he declinedhttps://t.co/HcPaP6dGMo

— Brian Schwartz (@schwartzbCNBC) December 12, 2022