The Latest Breaking News from Sam Bankman-Fried

Arrest comes after six weeks of financial chaos that took down world’s third-largest cryptocurrency exchange

Sam Bankman-Fried was arrested in the Bahamas on Monday in the wake of the spectacular failure of his cryptocurrency exchange FTX.

The Bahamian government said the U.S. has filed criminal charges against Bankman-Fried.

Indictment will be unsealed on Tuesday morning in New York.

The former CEO of the failed cryptocurrency firm FTX will testify before a Congressional committee Tuesday, his first appearance under oath since FTX filed for bankruptcy roughly a month ago

Bahamas authorities arrested Sam Bankman-Fried on Monday at the request of the U.S., which has filed charges against the former FTX CEO.

How will the collapse of FTX shape regulation from Washington?

CHICAGO — When the FTX.US headquarters opened in a gleaming new Fulton Market tower in May, Mayor Lori Lightfoot and her retinue stopped by to officially welcome the cryptocurrency exchange to Chicago, a city positioning itself as a financial center for the booming digital assets.

The Ark Invest CEO said FTX's Sam Bankman-Fried didn’t like Bitcoin because "it’s transparent and decentralized. He couldn’t control it.”