Sam Bankman-Fried. Photo: Jeenah Moon/Bloomberg via Getty Images
Federal prosecutors did not find FTX founder Sam Bankman-Fried's media tour convincing. The Feds swept in on Tuesday, arresting and charging the former CEO, less than a day before his congressional testimony.
Why it matters: The charges, along with others from the SEC and CFTC, come just weeks after the crypto exchange's collapse, rather than the months some had expected.
