Cryptocurrency Investors, Some of the World’s Largest Cryptocurrency Exchanges, The bankruptcy of FTX they were shocked by it. The developments that started with the unveiling of a report on FTX threw all other FTX-related exchange and crypto companies into trouble. Even in between bankrupt also settings. The events that took place affected the investors the most. Because as confidence in the markets comes to an end, all cryptocurrencies, especially Bitcoin written off.

Now there has been a very important development regarding the bankruptcy of FTX. Founder and CEO of FTX, also known as the “King of Crypto” Sam Bankman FriedHe was arrested in the Bahamas. Officials of the Bahamas, who issued a statement about the arrest on the initiative of the US, issued a statement about the collapse of FTX and everything that happened. the investigation will continue they announced.

“We will have a lot to say”

After the news of the arrest was announced, a statement was issued by the US authorities. Prosecutor Damian Williams The arrest was based on an indictment filed by the U.S. Federal Court for the Southern District of New York (SDNY). Williams said he is waiting for charges to be opened and the investigation to begin,”We’ll have more to say.with the phrase ” a clear message sent.

The US has very serious accusations!

According to a report in The New York Times, US prosecutors have leveled very serious allegations against the CEO of the bankrupt stock market. Among these allegations fraudmake conspiracy for fraud, securities fraud and securities fraud conspiracy. Sam Bankman-Fried, who was requested for extradition to the US, no more daylight resembling…

So what had happened?

Why is it that the billion dollar markets suddenly crash?