In the United States and the Bahamas, a criminal investigation is underway against Bankman-Fried after the collapse of FTX last month.
On November 11, it became clear that FTX could not be saved and the company was forced to file for bankruptcy protection in the United States.
Prosecutor Damian Williams said in a statement that the charges against Sam Bankman-Fried will be made public on Tuesday and that the prosecution will then comment on them further.
The arrest of Sam Bankman-Fried, who resigned as CEO amid the bankruptcy filing for FTX, comes just one day before he is scheduled to appear before a Senate committee in Washington along with trustee John J Ray III.
When FTX was at its peak, the company was valued at $32 billion. Now the company has debts of just over 3 billion dollars to the 50 largest creditors. In addition to that, there are millions of other creditors worldwide who are not getting their money.
The FTX crash has created ripples in the crypto world. Several companies with exposure to FTX have also been forced to file for bankruptcy, such as the crypto lender Blockfi.