Let’s hope mr Madoff 2.0 actually gets jail time in the US and not bailed out by his connections.

Sus Boi Fukt

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

Legit shocked … never thought this would happen.

ponzi scheme collapses, color me surprised

The Hitler of Crypto

We need to wait and see how things shake out at Binance. SBF may only be Mussolini. CZ’s move to liquidate his entire FTT position was initiated the liquidity crisis at FTX

Could be Epstein 2.0 for the money that's involved.

All that negative Bitcoin pressure, what would prices get to had he not be liquidating them all?

[deleted]

He should know the rules. Fuck over the public, sure, but don't screw over investors

I'm not a financial expert, but a financial guy introducing himself as Mr. Bankman would have been a red flag for me.

Not looking good.

A fried bank man sounds extra greasy.