US charges crypto tycoon Bankman-Fried with ‘massive’ fraud

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New York (AFP) – Disgraced cryptocurrency tycoon Sam Bankman-Fried was hit with multiple criminal charges Tuesday, accused of committing one of the biggest financial frauds in US history. The 30-year-old founder of the FTX platform, who was arrested in the Bahamas Monday at the request of the United States, is facing a raft of accusations, including from US market regulators who say that the investor knowingly built a fraudulent house of cards. A Bahamian judge denied Bankman-Fried bail and remanded him into custody as the one-time high-flyer began to battle his extradition in a Nassau court r…