FTX founder Sam Bankman-Fried arrives in Bahamas court to face fraud charges

By Washington Examiner
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Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. FTX, the digital-assets trading platform launched two years ago by Bankman-Fried, said it handled enough volume last month to make it one of the largest crypto exchanges. Photographer: Lam Yik/Bloomberg via Getty Images Bloomberg/Bloomberg via Getty Images

FTX founder Sam Bankman-Fried arrives in Bahamas court to face fraud charges

FTX founder Sam Bankman-Fried has arrived at a Bahamas court after being arrested on Monday.

Bankman-Fried is charged with fraudulent behavior after allegedly promoting FTX as a reliable crypto asset trading platform.

His arrival at court comes at the same time John Ray III, the ceo hired to guide FTX through bankruptcy, testifies on Capitol Hill about the business practices that left to the dire straits of the companby.

This story is breaking and will be updated.

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