The New York Times reports that Mr Bankman-Fried was arrested after authorities in the US filed criminal charges in relation to the sudden downfall of his $32 billion cryptocurrency platform FTX. The spectacular implosion of the 30-year-old’s company in November coincided with the disappearance of billions of dollars in customer funds.Mr Bankman-Fried told former employees in a letter last month that he was “deeply sorry” about the crypto exchange collapsing but continued to point the finger at the company’s bankruptcy filing, insisting that he could have saved the platform if given enough time.“I feel deeply sorry about what happened. I regret what happened to all of you,” Mr Bankman-Fried — who reportedly purchased hundreds of millions of dollars worth of pricey real estate in the Bahamas, even as he claimed to champion “effective altruism” — said in the letter.“I didn’t mean for any of this to happen, and I would give anything to be able to go back and do things over again. You were