• Reporters have obtained a copy of the prepared statement that Sam Bankman-Fried was going to give before Congress, before the disgraced FTX co-founder was arrested in the Bahamas.
• Bankman-Fried faces multiple charges of money laundering, conspiracy, and financial fraud as he was placed under arrest by the Bahamian authorities on Monday.
• The Bahamas announced that they will extradite Bankman-Fried to the U.S. where he will answer to accusations of defrauding investors with the collapse of his cryptocurrency exchange.

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