Skip NavigationKey PointsFTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the onetime crypto billionaire at the heart of the crypto exchange's collapse.Before his arrest was announced, Bankman-Fried had been expected to testify virtually before the House Financial Services Committee on Tuesday, but his attorneys told CNBC that he will not testify. His arrest is the first concrete...…Skip NavigationKey PointsFTX founder Sam Bankman-Fried was arrested by Bahamian authorities Monday evening after the United States Attorney for the Southern District of New York shared a sealed indictment with the Bahamian government, setting the stage for extradition and U.S. trial for the onetime crypto billionaire at the heart of the crypto exchange's collapse.Before his arrest was announced, Bankman-Fried had been expected to testify virtually before the House Financial Services Committee on Tuesday, but his attorneys told CNBC that he will not testify. His arrest is the first concrete...WW…

Skip NavigationKey PointsKraken, one of the world's largest crypto exchanges, is laying off about 30% of its headcount, or 1,100 people, "in order to adapt to current market conditions," co-founder and CEO Jesse Powell said Wednesday.Powell wrote in a blog post that slowing growth, prompted by "macroeconomic and geopolitical factors," had muted customer demand, lowered trading volumes and cut sign-ups."We had to grow fast, more than tripling our workforce in order to provide those clients with the quality and service they expect of us," Powell said. "This reduction takes our team size back...…Skip NavigationKey PointsKraken, one of the world's largest crypto exchanges, is laying off about 30% of its headcount, or 1,100 people, "in order to adapt to current market conditions," co-founder and CEO Jesse Powell said Wednesday.Powell wrote in a blog post that slowing growth, prompted by "macroeconomic and geopolitical factors," had muted customer demand, lowered trading volumes and cut sign-ups."We had to grow fast, more than tripling our workforce in order to provide those clients with the quality and service they expect of us," Powell said. "This reduction takes our team size back...WW…