FTX founder Sam Bankman-Fried has been arrested in the Bahamas following the bankruptcy of the cryptocurrency exchange, which left over a million investors owed billions of dollars. So what happens next?

Why was Bankman-Fried arrested and what was he charged with?

The Southern District of New York (SDNY) said on Monday night that he was arrested based on a sealed indictment filed by the SDNY. “We expect to move to unseal the indictment in the morning and will have more to say at that time,” it added.

The Securities Exchange Commission (SEC) subsequently said it had “authorized separate charges relating to [Bankman-Fried’s alleged] violation of securities laws, to be filed publicly tomorrow [Tuesday] in SDNY.”

That will give us an insight into what Bankman-Fried will be facing if and when he is extradited to the United States.

According to reports, Bankman-Fried complied with police during the arrest.

It remains unclear at this point. The United States has an extradition treaty with the Bahamas that will allow the US to seek extradition but there are likely a few legal hurdles to overcome before that happens. The New York Times reported it could take weeks or longer if Bankman-Fried decides to contest the extradition.

So far, Bankman-Fried has cooperated with authorities

What does this mean for his next public appearances?

Bankman-Fried is due to face court on Tuesday morning in the Bahamas, after spending the night in a police cell. Whether he is granted bail pending the…