• Loading stock data...
Wednesday, October 15, 2025
Law

FTX Founder Sam Bankman-Fried Arrested in Bahamas, Faces U.S. Charges

  • U.S. expected to work with Bahamas on extradition.
  • Bankman-Fried was slated to appear before the House Committee on Financial Services on Tuesday.
FTX founder Sam Bankman-Fried and FTX logo on NBA court
Instagram/Jasen Vinlove-USA TODAY Sports

FTX founder Sam Bankman-Fried has gone from awkwardly hanging out with Tom Brady to being detained by Bahamian authorities.

U.S. Attorney for the Southern District of New York Damian Williams said in a statement that Bankman-Fried was arrested Monday evening by authorities in the Bahamas at the request of the U.S. government. Williams didn’t lay out the charges Bankman-Fried faces.

“We expect to move to unseal the indictment in the morning and will have more to say at that time,” Williams said.

The New York Times reported that Bankman-Fried faces wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering charges.

Bahamas Attorney General Ryan Pinder said in a statement that “ it was deemed appropriate” to arrest Bankman-Fried and Bahamian authorities will hold him in custody pending the extradition process.

“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,” Pinder said. “While the United States is pursuing criminal charges against SBF individually, The Bahamas will continue its own regulatory and criminal investigations into the collapse of FTX, with the continued cooperation of its law enforcement and regulatory partners in the United States and elsewhere.”

Once the U.S. makes a formal extradition request, Pinder said his nation “intends to process it promptly, pursuant to Bahamian law and its treaty obligations with the United States.”

FTX brand advertisement on exterior of stadium in Miami

FTX Remains Attached to Miami Heat Arena Month After Bankruptcy

MIAMI — FTX may have collapsed a month ago, but the failed…
December 12, 2022

FTX halted trading last month, and days later, FTX and its affiliated companies filed for bankruptcy protection.

Bankman-Fried was slated to appear before the House Committee on Financial Services on Tuesday for a hearing on the crypto exchange’s collapse.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sep 29, 2025; Inglewood, CA, USA; Los Angeles Clippers forward Kawhi Leonard (2) poses during media day at Intuit Dome
opinion

Clippers’ Aspiration Fiasco Recalls Another Doomed NBA Sponsorship

The Kawhi controversy has shades of the still-recent FTX scandal.
Las Vegas Aces center A'ja Wilson (22) celebrates with her teammates after her last second shot to take the lead 90-88 against the Phoenix Mercury in Game 3 of the WNBA Finals at Mortgage Matchup Center in Phoenix on Oct. 8, 2025.
exclusive

Standoff Over WNBA’s Future Has Dominated Finals

CBA negotiations have stolen the spotlight from the Aces’ dominant performance.
Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.

Featured Today

Kōloa Rum Company Rum Rusher

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.
FARMINGDALE, NY - SEPTEMBER 23: Rory McIlroy of Team Europe hits out of the rough on the first hole during the 2025 Ryder Cup at Bethpage State Park on Tuesday, September 23, 2025 in Farmingdale, New York.
September 25, 2025

Ryder Cup in New York: Record-Setting Hopes and Fan Concerns

Organizers anticipate record attendance and revenue, but worry remains about fan behavior.
FARMINGDALE, NY - SEPTEMBER 22: Cameron Young of Team USA hits his tee shot on the third hole during the 2025 Ryder Cup Practice Round at Bethpage State Park on Monday, September 22, 2025 in Farmingdale, New York.
September 23, 2025

U.S. Ryder Cup Players Will Be Paid. Not Everyone Is Pleased

Americans are receiving a $200,000 stipend, and not everyone is pleased.
Feb 4, 2025; Toronto, Ontario, CAN; New York Knicks center Karl-Anthony Towns (32) and Toronto Raptors forward Jonathon Mogbo (2) chase after a loose ball during the second half at Scotiabank Arena.

Knicks, Raptors Agree to Drop Suit Over ‘Mole’ Accused of Stealing

The Knicks had sought more than $10 million in damages.
Oct 7, 2018; Cincinnati, OH, USA; Cincinnati Bengals quarterback Andy Dalton (14) and Miami Dolphins free safety Reshad Jones (20) talk with each other after the Bengals defeated the Dolphins at Paul Brown Stadium.
October 10, 2025

Former Dolphins Safety Lands $9.5M Settlement in Advisor Theft Case

Reshad Jones accused his former financial advisor of stealing almost $2.6 million.
Feb 9, 2025; New Orleans, LA, USA; Recording artist Kendrick Lamar performs during the halftime show of Super Bowl LIX between the Philadelphia Eagles and the Kansas City Chiefs at Ceasars Superdome.
October 10, 2025

Judge Dismisses Drake’s Super Bowl Defamation Suit

The judge said diss tracks aren’t considered facts.
Sponsored

How Jenny Just Is Shaping the Future of Sports Ownership

Jenny Just on bringing her investment experience to sports ownership.
Aug 19, 2022; Delaware, OH, USA; More than 1,700 Olentangy Berlin High School students celebrate being named ‘Most Spirited High School in the Country’ by Varsity Brands. The school celebrated with a pep rally in the auditorium.
October 9, 2025

Varsity Brands, PE Owner Face $200M Suit Claiming Systemic Sexual Abuse

Defendants are accused of a coordinated conspiracy.
Hymie Elhai
October 8, 2025

Jets Say Execs Tried to Sink Team President in Bumbling Conspiracy

The team says thousands of deleted text messages show the plot.
Brian Flores
October 7, 2025

Court Again Rejects NFL Request to Send Flores Case to Arbitration

The NFL has tried to keep the case out of open court.
Dec 2, 2022; Las Vegas, NV, USA; Southern California Trojans former quarterbacks Mark Sanchez (left) and Matt Leinart watch from the sidelines during the Pac-12 Championship game against the Utah Utes at Allegiant Stadium.
October 6, 2025

Mark Sanchez, Fox Sports Sued Over Alley Fight That Turned Bloody

The high-profile incident took place Saturday night in Indianapolis.