will: sec has charged ftx founder sam bankman-fried after his arrest in the bahamas. steve: the former head of the collapsed crypto company is expected top an in court in the bahamas when he was supposed to be testifying before congress this morning. not gonna make it. ainsley: todd joins us live with the details. filing charges against sam bankman-fried. yesterday leading to his arrest in the bahamas. new york times reporting the charges include wire fraud, securities fraud and money laundering. u.s. will move to unseal the indictment this morning. sec is filing on charging him for the alleged massive years long fraud. bankman-fried s arrest comes hours before the ftx founder was due to testify remotely this morning. congressman lee zeldin telling fox news, house republicans were ready to grill him six ways to sunday, now breaking, sbf was just arrested.
Founder of collapsed crypto exchange ftx sam bankman freed is jailed in the bahamas us authorities want him extradicted to face fraud and money laundering charges. locking in their place in the world cup final goals from messi and alvarez see argentina crush croatia s hopes with a three zero win in qatar. live from our studio in singapore this is bbc news. it s newsday. welcome to bbc news broadcasting to viewers in the uk and around the world. we begin in china where its hospital system is coming under a huge strain as covid 19 spreads quickly. this follows the government s decision to abandon its zero covid approach.
Turkey’s Crypto Pain Grows With Second Exchange Collapse
Bloomberg 8 hrs ago Baris Balci
(Bloomberg) Turkey’s cryptocurrency investors were dealt another blow at the end of a dismal week after a second big exchange collapsed in as many days and its chief executive was reportedly detained.
Vebitcoin has halted operations citing deteriorating financial conditions, and Demiroren News Agency said its Chief Executive Ilker Bas and three other employees have been detained. The Financial Crimes Investigation Board has blocked Vebitcoin’s accounts and opened a probe.
Vebitcoin is Turkey’s fourth biggest exchange with close to $60 million in daily volumes, according to CoinGecko.com which tracks data on price, volume and market value on crypto markets. More than half of this volume came from Bitcoin, which dropped 19% this week.