FTX founder Sam Bankman-Fried arrested in the Bahamas

Sam Bankman-Fried.
(Image credit: Matias J. Ocner/Miami Herald/Tribune News Service via Getty Images)

Sam Bankman-Fried, founder of the failed cryptocurrency exchange FTX, was arrested Monday in the Bahamas at the request of the U.S. government.

In a statement, the government of the Bahamas said the arrest came after officials received "formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition."

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Catherine Garcia, The Week US

Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.