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What the general public has been calling for has happened. Sam Bankman-Fried has been arrested. A statement was made by the Attorney General of The Bahamas, announcing that The Royal Bahamas Police Force arrested SBF following the receipt of formal notification from the United States that it has filed criminal charges against Bankman-Fried and is likely to request his extradition.
The arrest was later confirmed by the US Attorney SDNY via Twitter.
The US Attorney SDNY tweeted out;
USA Damian Williams: Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY. We expect to move to unseal the indictment in the morning and will have more to say at that time.
This news comes prior to the much-anticipated senate committee hearings scheduled for Tuesday, December 13th, in which Sam Bankman-Fried refused to testify at a Tuesday hearing about his company’s implosion. Two separate times were provided for Sam Bankman-Fried to join the hearings, to which he declined. In a statement by the committee’s leaders, the leaders stated;
“We have offered Sam Bankman-Fried two different dates for providing testimony before the Senate Banking, Housing, and Urban Affairs Committee, and are willing to accommodate virtual testimony. He has declined in an unprecedented abdication of accountability.”
The decline was a complete 180 from Bankman-Fried’s previous actions, which saw him do a press tour across several US major media outlets, apologizing and denying any known criminal actions on his behalf. The decline is also a change of heart after SBF stated, “it was his duty to appear in front of the committee and explain” after House Representative Maxine Waters kindly asked SBF to participate in the December 13th hearings. Rep Maxine Water’s soft stance on SBF enraged Twitter, calling for her to subpoena Bankman-Fried instead of politely asking him to participate.
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😲 IT HAPPENED!! 🚨 Sam Bankman-Fried Arrested In The Bahamas