FTX founder Sam Bankman-Fried charged with fraud

• Sam Bankman-Fried has been indicted on eight criminal charges, including wire fraud and conspiracy by misusing customer funds, according to an indictment from the US Southern District of New York. The FTX founder was arrested Monday in the Bahamas and was arraigned in a Nassau court Tuesday.
• FTX’s new CEO John J. Ray III testified before the House Financial Services Committee, providing new details about the company’s investigation.
• The Securities and Exchange Commission charged Bankman-Fried on Tuesday with defrauding investors in his failed crypto exchange FTX.

By Allison Morrow and Matt Egan, CNN