Disgraced entrepreneur Sam Bankman-Fried was arrested in The Bahamas on Monday (Tuesday AEDT), after US law enforcement agencies shared undisclosed charges with the Bahamian government, foreshadowing extradition and a US trial for the former crypto billionaire and founder of collapsed crypto exchange FTX.
Before Mr Bankman-Fried was taken into custody, he had been expected to testify remotely in front of the US House of Financial Services Committee on Wednesday.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
