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this morning the founder of the now bankrupt cryptocurrency trading firm FTX once valued at 32 billion dollars is in custody in the Bahamas Sam bankman freed arrested at the request of the U.S government the charges not being unveiled until later today but a source says the 30-year-old faces a multi-count fraud indictment this is a whole new kind of scheme misusing customer funds in one entity to satisfy the debts of another entity they were looking at Sam bankman Freeds use of customer funds from FTX to satisfy orders from Alameda research which was the trading firm that he founded after the alleged misappropriation was reported last month customers rushed to withdraw their money causing FTX to implode after it was unable to recover the withdrawals the company short billions of dollars are George Stephanopoulos sat down with binkmann free last month after the stunning collapse Carolyn Ellison said that you you all knew that these funds were used were put into Alameda they were the f