Breaking the headlines just earlier today, Sam Bankman-Fried was reported to have been taken into Royal Bahamas Police Force custody.
Document stating SBF being taken into Custody posted by CoffeeZilla
As it seems, a formal request of extradition has been made for SBF to be transferred from the Bahamas to the United States.
This follows the collapse of FTX, and the constant stream of information alluding to SBF’s knowing and deliberate misuse of Customer Funds.
Above all 2022 has been a year for the foundations of Precedent being set in the Crypto Community regarding how to handle frauds and scammers.
Granted Sam Bankman-Fried was no ordinary grifter, the confirmation that these individuals will see the Criminal Justice System for their market abuse is paramount in the turning of Public Perceptions on Crypto Currency.
No amount of Government Regulation or lack-thereof will save Crypto Currency as a viable alternative to centralized currencies with the General Perception of Crypto being a haven for Snake Oil Salesmen and Silver Tongued Grifters.
This is only the tip of the iceberg however, there needs to be a level of reprimand for those who helped perpetuate the fraud SBF helped create. Plenty of influential figures line their pockets with money from paid advertisements of these MLMs and Scam Artists.
