Former FTX CEO Sam Bankman-Fried arrested in Bahamas. U.S. authorities have filed criminal charges against Bankman-Fried. Bahamas intends to extradite him once U.S. officials request it. Legal experts say Bankman-Fried could face life in prison without the possibility of supervised release. Ethereum, Binance and Bitcoin fell between 16-19 percent from the time FTX selling was reported from the beginning of November, when selling of FTX Token due to rumours of bankruptcy. Binance backed out of FTX rescue plan and on November 11 FTX had filed for bankruptc and a hack of $663mn was reported stolen in its exchange. Watch the video for more.

#ftxceo #bahamas #ftxceoarrest
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