Key points

• Sam Bankman Fried was arrested in the Bahamas and extradited abroad
• It is reported that Caroline Ellison, CEO of Alameda, was found in the UK
• Sam Trabucco, the former CEO, left his post in August and largely prevented the same level of review as the other two

Oh, Rob.

Sam Bankman Fried, the humiliated founder of FTX, was arrested by the Bahamas police on Monday, after the United States filed criminal charges against him. The Bahamas indicated that it expected that foreign countries would immediately require extradition.

"Based on the notification received and the materials submitted, the Minister of Justice felt that it was appropriate to find and arrest SBF and detain it according to China's Extradition Law," Ryan Pinder, the Minister of Justice, stated in the announcement.

It is reported that the charges against Bankman Fried include bank wire transfer fraud, bank wire transfer fraud scam, securities fraud, securities fraud scam and money laundering. Such accusations could put Bankman Fried in jail for decades. Wow.

What will happen next?

This is a fashionable accusation selection, revealing that Bankman Fried has indeed achieved the ultimate.

He was going to testify about the collapse of FTX at the United States House of Representatives Financial Information Services Federation at 10:00 this morning, US time. The objective facts will no longer be like this. On the contrary, Bankman Fried will appear in court at the judicial department of Nassau, Bahamas.

Once Bankman Fried returns to the United States, the trial will not occur quickly. This is a landmark crime involving thousands of jurisdictions, and the case must take a lot of time.

The SEC also independently accused Bankman Freid of defrauding investors.

Everyone claimed that Sam Bankman Fried built a house of cards under the premise of deception, and told investors that it was also one of the safest engineering buildings in digital currency, "said Gary Gensler, current chairman of SEC. "Mr. Bankman Fried gave a clarion call to the data encryption service platform for his suspected fraud, and he needs to abide by our own laws and regulations."

What's wrong with Caroline Ellison?

Caroline Ellison, the CEO of Alameda, was in the situation of an elephant in the room. Alameda is a trading company created by Bankman Fried. FTX's user assets are sent to the company to make up for huge transaction damage.

Ellison is considered to be captured in Hong Kong, China, but she may be found in a Manhattan coffee shop, which means she is already in the United States.

Please check: A customer claimed that they saw Caroline Ellison at the Roadside Cafe in SoHo West Broad, Manhattan at 8:15 a.m. This means that she is neither in Hong Kong nor in New York City. pic.twitter.com/QUduYO9GfZ

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