Explainer-Sam Bankman-Fried: Who is FTX’s founder and why was he arrested?

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Reuters

By Hannah Lang and Tom Hals (Reuters) – FTX founder Sam Bankman-Fried was arrested in the Bahamas on Monday and charged by the U.S. Department of Justice on Tuesday with defrauding investors in what regulators called a “brazen, multi-year scheme” that ended when his empire filed for bankruptcy last month. Here is the latest on the collapse of FTX and what comes next for Bankman-Fried: WHO IS SAM BANKMAN-FRIED? Bankman-Fried was raised in California by two Stanford University law professors, Joseph Bankman and Barbara Fried. Bankman-Fried, 30, started his career at Jane Street Capital after gra…

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