This is the best tl;dr I could make, original reduced by 45%. (I'm a bot)

> Sam Bankman-Fried, founder and former CEO of bankrupt crypto exchange FTX, was arrested and taken into custody on Monday by police in the Bahamas.

> In a subsequent statement, the U.S. Attorney for the Southern District of New York tweeted: "Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the SDNY. We expect to move to unseal the indictment in the morning and will have more to say at that time."

> The big picture: The arrest and indictment news comes just hours before Bankman-Fried is scheduled to testify remotely in a House Financial Services Committee hearing on FTX's collapse.

Extended Summary | FAQ | Feedback | Top keywords: Bankman-Fried^#1 indictment^#2 arrest^#3 U.S.^#4 unseal^#5