Sam Bankman-Fried, founder and former CEO of bankrupt crypto exchange FTX, was arrested and taken into custody on Monday by police in the Bahamas.

This appears to set up an extradition of Bankman-Fried to the U.S., as the Bahamian attorney general’s office says it received notice of a U.S. criminal complaint and “likely” extradition request.

In a subsequent statement, the U.S. Attorney for the Southern District of New York tweeted: “Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, 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.”

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