SBF finally arrested in the Bahamas, US request for extradition expected soon
The Binance FUD was quickly swept under the rug once the news of SBF getting arrested got out. There are multiple charges against SBF and separate charges are coming from the SEC as well. The Congressional hearing on the FTX collapse is today and we’ve provided the link to the hearing below.
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SBF arrested in Bahamas after they received formal notification from the US that they were filing criminal charges against him. Charges include: wire fraud, wire fraud conspiracy, securities fraud, money laundering and securities fraud conspiracy. SEC said they will charge him separately.
SEC charges SBF with defrauding investors
Bahamian officials allegedly asked SBF to mint hundreds of millions of dollars of digital coins (assuming FTT) and send them to the island officials
You can now send Avalanche native USDC straight to Coinbase
Powers at be at FTX allegedly had a Signal group called “Wirefraud” were they used it to send secret information before the company’s collapse. SBF argued that this group didn’t exist, but no one can trust him at this point.
Today’s Congressional hearing on the collapse of FTX can be heard here, which starts at 10:00 AM ET.
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