FTX recently filed for bankruptcy after users discovered that the platform was likely fraudulently intertwined with the firm Alameda Research; both were controlled by Bankman-Fried and an insular group of amateur executives working from a luxury penthouse in the Bahamas.
The disgraced entrepreneur was arrested on Monday by authorities in the island nation, where his companies were headquartered, under the expectation that American officials would soon request his extradition.
