FTX Updates
There's been a small but steady trickle of news since my last post on this subject, punctuated by this morning's notice of Sam Bankman-Fried's arrest in the Bahamas at the request of the US Attorney for the Southern District of New York. Charges are to be unsealed later today. "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," Damian Williams, U.S. Attorney for the Souther District of New York said in a statement. "We expect to move to unseal the indictment in the morning and will have more to say at that time." There is actually little new here. It appears Sam was under some sort of house detention in the Bahamas pending this development, and the only surprise is how quickly the actual US arrest was made -- as I've pointed out, the single recent equivalent has been the Madoff indictment, which took place so quickly because Madoff himse...