Sam Bankman-Fried is a founder and CEO of the cryptocurrency exchange FTX, FTX.US 

According to the statement Bahamas government, Sam Bankman-Fried was arrested on monday due to charges on him by prosecutors

Unfortunately , Recently Sam Bankman-Fried was in a huge loss due to which around 1 million people got affected

He is a founder absolutely but now disgraced one due to which he is facing hate from his suffered users

Criminal Charges on him are wire fraud ,  securities fraud , securities fraud conspiracy , money laundering

Bahamas gov. also stated that there was cooperative behaviour by Mr. Sam Bankman-Fried during the arrest

Now he is in the custody of Bahamas authority with a huge charges 

He was arrested exactly around 6 PM at his apartment complex in the Albany resort in the Bahamas

Now Hearing of this Case is set go ahead and victims of these frauds by Sam Bankman-Fried can hope for Compensation

Now For Sam Bankman-Fri++ed , its not going to be easy to find a good lawyer to defend him in upcoming hearings for these charges