FTX Founder Sam Bankman-Fried was arrested in Bahamas and charged by the SEC

I just want this story to come to an end, have SBF pay for his crimes, and justice for the everyone who was affect by this debacle. Well, It looks like the final chapter in the SBF-FTX story is finally in as Bankman-Fried has officially been arrested by the Royal Bahamas Police Force after the US filed criminal charges. It is expected that the US will soon request the extradition of SBF. The potential charges include wire fraud, securities fraud, money laundering and related conspiracy charges.

In addition to this, Bahamas Prime Minister, Philip Davis, said that the country will continue its own investigation into FTX’s collapse, alongside the US’s criminal charges and the first day in court for the CEO who “misaccounted” $8 billion U.S. dollars is next Tuesday. After SBF tried his best to be perceived as incapable as a human could be, a new CEO, John J, Ray III swoops in to effectively pick up the pieces and figure out a way to end this mess. The first order of business for new CEO, who also managed the liquidation of energy company Enron, was to file…