Who is Sam Bankman-Fried? The FTX founder arrested in Bahamas

Holly Patrick

December 13, 2022 at 7:54 AM

FTX founder Sam Bankman-Fried has been arrested in the Bahamas on behalf of the US government, prosecutors in New York City have confirmed.

The entrepreneur began his financial career as an intern at Jane Street Capital, a proprietary trading firm, returning after graduating from MIT.

Mr Bankman-Fried founded the quantitative trading firm Alameda Research in 2017, before setting up FTX in 2019.

He was arrested on Monday, 12 December, after the cryptocurrency exchange filed for bankruptcy last month, leaving users unable to withdraw funds.

Click here to sign up for our newsletters.

Yahoo Sports
Chiefs' Harrison Butker may be removed from kickoffs due to new NFL rules
Kansas City Chiefs special teams coach Dave Toub said kicker Harrison Butker may be removed from kickoffs. But not because of Butker's recent controversial remarks.
Yahoo Sports
Top running backs for 2024 fantasy football, according to our experts
The Yahoo Fantasy football analysts reveal their first running back rankings for the 2024 NFL season.
Yahoo Sports
Gable Steveson, Olympic gold medal winner and NCAA champion wrestler, signs with Bills
Olympic gold medal and two-time NCAA champion wrestler Gable Steveson has signed with the Buffalo Bills. He'll attempt to make the team as a defensive tackle.
Yahoo Sports
Report: Pelicans to defer Lakers' first-round pick in Anthony Davis trade until 2025
The New Orleans Pelicans have opted not to take the Los Angeles Lakers' first-round pick in this year's NBA Draft as part of the Anthony Davis trade. The Pelicans will take the Lakers' pick next year.
Autoblog
Rhode Island asking kei car owners to turn in their registration
Rhode Island is making it illegal to register a kei car, and it's asking enthusiasts who already have one to turn in their registration.
Yahoo Finance
Warren Buffett's son Howard Buffett on his life as the potential next chairman of Berkshire Hathaway
Howard Buffett talks about life at Berkshire Hathaway and why he is donating hundreds of millions of dollars to Ukraine.
Yahoo Finance
Gen X is the 401(k) 'experiment generation.' Here's how that's playing out.
Nearly half of Gen Xers say their retirement savings are behind schedule, according to a new survey.
Yahoo Sports
Former 76ers player Drew Gordon, older brother of Nuggets starter Aaron Gordon, dies in car accident at 33
Drew Gordon played all over Europe after a college career at UCLA and New Mexico.
Yahoo Sports
President Biden dons Chiefs helmet, jokes with Travis Kelce in Super Bowl champs' second White House visit
Travis Kelce crashed the White House podium last year. This time, he received a direct invitation.
Yahoo Sports
Reports: Colorado S Shilo Sanders, Deion's son, facing NIL questions after filing for bankruptcy, $12 million assault lawsuit
A high school security guard won $12 million judgement after alleging Shilo Sanders broke his neck in 2015.
Yahoo Sports
Lashinda Demus will get her Olympic gold medal ... 12 years later
Demus will receive her gold medal at a ceremony at the foot of the Eiffel Tower during the 2024 Summer Olympics.
Yahoo Sports
The Spin: Making a call on 5 slumping fantasy baseball stars
All five of these hitters were drafted highly in fantasy baseball leagues. So far, they have not lived up to their ADPs — and that's an understatement. Scott Pianowski analyzes.
Yahoo Sports
The Scorecard: 5 starting pitchers making waves in fantasy baseball
Fantasy baseball analyst Dalton Del Don highlights a quintet of starting pitchers we should focus on a lot more.
Yahoo Finance
Trump-friendly billionaires from Elon Musk to Bill Ackman offer new support following conviction
Donald Trump’s conviction on falsifying business records led to an immediate reaction from his stable of friendly billionaires.
Yahoo Sports
Giants TE Darren Waller drops bizarre music video about recent divorce, complete with a fake Kelsey Plum
The video ends with the fake Plum stabbing Waller in the back.
Yahoo Sports
Trey Lance is close to 'being a master' of Cowboys offense, says coach Mike McCarthy
Dallas Cowboys coach Mike McCarthy praised quarterback Trey Lance, saying he's close to mastering the team's offense. Lance did not play last season.
Yahoo Sports
Umpire Ángel Hernández, after long and controversial run in Major League Baseball, set to retire
Ángel Hernández, by both fans and players alike, has long been considered one of the most hated umpires in Major League Baseball.
Yahoo Sports
Chiefs DT Isaiah Buggs turns himself in to police, charged with animal cruelty
The Chiefs' bizarre offseason rolls on.
Yahoo Sports
Winners & losers from the 2024 NBA Draft withdrawal deadline | On the Clock with Krysten Peek
Krysten Peek is joined by CBS Sports HQ basketball insider and 247 Sports Director of Scouting Adam Finkelstein to discuss the biggest winners and losers from the 2024 NBA Draft withdrawal deadline.
Yahoo Sports
Charges against Scottie Scheffler dropped in police incident during PGA Championship
The World No. 1 is free of all charges stemming from a confrontation outside Valhalla Golf Club on May 17.

News

Life

Entertainment

Finance

Sports

New on Yahoo

Who is Sam Bankman-Fried? The FTX founder arrested in Bahamas

Recommended Stories

Chiefs' Harrison Butker may be removed from kickoffs due to new NFL rules

Top running backs for 2024 fantasy football, according to our experts

Gable Steveson, Olympic gold medal winner and NCAA champion wrestler, signs with Bills

Report: Pelicans to defer Lakers' first-round pick in Anthony Davis trade until 2025

Rhode Island asking kei car owners to turn in their registration

Warren Buffett's son Howard Buffett on his life as the potential next chairman of Berkshire Hathaway

Gen X is the 401(k) 'experiment generation.' Here's how that's playing out.

Former 76ers player Drew Gordon, older brother of Nuggets starter Aaron Gordon, dies in car accident at 33

President Biden dons Chiefs helmet, jokes with Travis Kelce in Super Bowl champs' second White House visit

Reports: Colorado S Shilo Sanders, Deion's son, facing NIL questions after filing for bankruptcy, $12 million assault lawsuit

Lashinda Demus will get her Olympic gold medal ... 12 years later

The Spin: Making a call on 5 slumping fantasy baseball stars

The Scorecard: 5 starting pitchers making waves in fantasy baseball

Trump-friendly billionaires from Elon Musk to Bill Ackman offer new support following conviction

Giants TE Darren Waller drops bizarre music video about recent divorce, complete with a fake Kelsey Plum

Trey Lance is close to 'being a master' of Cowboys offense, says coach Mike McCarthy

Umpire Ángel Hernández, after long and controversial run in Major League Baseball, set to retire

Chiefs DT Isaiah Buggs turns himself in to police, charged with animal cruelty

Winners & losers from the 2024 NBA Draft withdrawal deadline | On the Clock with Krysten Peek

Charges against Scottie Scheffler dropped in police incident during PGA Championship