Authorities in Bahamas have arrested Sam Bankman-Fried, the founder of scandalous crypto cryptocurrency exchange FTX after criminal charges were filed in
several U.S. celebrities are being named in a lawsuit against FTX. The crypto exchange platform recently filed for bankruptcy. An investor of the platform has filed a lawsuit against the company and many celebrities promoting the platform are getting sued.
FTX owner Sam Bankman-Freid, 30, may be brought back to the states by authorities. Bankman Fried was worth an estimate $16 billion before the crisis but his fortune is down 94%.