CEO of crypto firm FTX, Sam Bankman-Fried has been arrested in the Bahamas

Fried is under criminal investigation by U.S. and Bahamian authorities after the collapse of FTX. The firm filed for bankruptcy on Nov. 11, when it ran out of money. He is likely to be extradited to U.S. His arrest showcases the first stringent action by regulators to hold individuals accountable for the multi-billion-dollar implosion of FTX last month.