Crypto: Hacker Nicholas Truglia takes 18 months in prison

While Sam Bankman-Fried, the founder of the FTX exchange, multiplied the declarations in the media, many members of the crypto community kept calling on the authorities to arrest him. It is now done.

Towards an immediate extradition to the United States?

On Monday evening, Bahamian police arrested Sam Bankman-Fried, the founder of crypto exchange FTX. His arrest was made at the request of US authorities, based on a sealed indictment. He was taken into custody pending the opening of the seals on Tuesday morning.

According to the document addressed to the Bahamian authorities, the Office of the Attorney General of the United States brought complaint against the person concerned. This is specifically a criminal complaint.

The Prime Minister of the Bahamas, Philip Davis, has expressed support for this initiative. He said his country and the United States have a common interest in “hold accountable all individuals associated with FTX, who may have betrayed the public trust and violated the law.” He added : “While the United States prosecutes Sam Bankman-Fried for criminal matters, in the Bahamas we will continue our investigation into the collapse of FTX. We will place particular emphasis on the cooperation between our two countries in the conduct of this matter.”.

On December 10, New York State prosecutors met with attorneys from FTX. It was to obtain documentation in order to carry out their investigations properly. One of the key goals of US authorities is to determine whether FTX improperly transferred hundreds of millions of dollars when the company filed for bankruptcy.

If the authorities can prove the fraud, Sam Bankman-Fried can be found guilty. Recall that the founder of FTX insisted in the media that he had no knowledge of any misconduct in the management of FTX’s assets. His arrest and the ensuing investigation will shed light on one of the biggest financial scandals in the United States.

On social media, members of the crypto community rejoiced at the news. For them, it is important to punish the bad actors of the sector, in order to purify it. Some have indicated that this arrest is “healthy”. They defend that she will send the message that “Cryptos are not a lawless zone”. Finally, others have strongly called for regulations that will prevent the repetition of this type of scandal.

Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss any of the essential Tremplin.io!

Similar Posts