By rubilu on Skatehive
source These few weeks have been all about SBF and his court case. Early last week he was arrested and jailed. After his jailing, he was refused bail. He was at the Fox hill prison which is located in the Bahamas where he was arrested earlier. It was reported that he run to the Bahamas after news had been leaked that he was part of a conspiracy to down FTX. As the CEO of FTX, it was reported that there was a huge financial loophole which forced binance into a U-turn on bailing them out of their bankruptcy. After his arrest in the Bahamas, his parents asked for his bail which was refused but later it was reported that he agreed to be extradited to the US where he was accused of fraud. According to CNN he has been ‘’indicted on 8 counts of fraud and conspiracy”. FTX was founded by SBF in the year 2019 and has really come as a surprise that it turned out to be a fraud. It has been around for 3 years now and if for anything no one expected it to collapse after Luna's crash a few months ago