Per Coindesk, Sam Bankman-Fried has been arrested in the Bahamas. The US is expected to be asking for his swift extradition. The question on the minds of many: what took so long?

Perhaps the legal system just needed the time to build their case against SBF. All of the evidence made public thus far is pretty damning. To call it anything but fraud would be an exaggeration, but the lawyers do need time to get everything in order.

SBF last tweeted three days ago, speaking to an upcoming testimony he was set to give and again apologizing to everyone. Many have said he has just been "playing stupid," perhaps so. But with today's arrest, the jig is up. US Southern District of New York apparently has a sealed indictment on SBF and will give us more information tomorrow morning.

Per CNBC, he is facing wire/bank fraud charges which could lead to life in person.

As you can imagine, the information is coming in via Twitter faster than it can be reported. Even as I type this post, more and more information is appearing on my timeline. The story is fluid and new tidbits are being released every hour.

Meanwhile, the price of Bitcoin is going up on the news. Perhaps putting an end to the FTX debacle is bullish?

Anyway, the wheels are now set in motion for justice to be served.

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