Former FTX CEO Sam Bankman-Fried arrested in Bahamas

Former FTX CEO Sam Bankman-Fried has been arrested in the Bahamas, based on charges filed in the U.S., the Office of the Attorney General of the Bahamas announced Monday. 

Bankman-Fried's arrest "followed receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request his extradition," the attorney general's office said in a statement.

The U.S. Attorney's Office for the Southern District of New York confirmed Bankman-Fried was in custody, saying that the arrest was made based on a sealed indictment. "We expect to move to unseal the indictment in the morning and will have more to say at that time," the SDNY said.