White-collar attorneys on Tuesday said that the eight-count indictment against Sam Bankman-Fried indicates that the U.S. Attorney for the Southern District of New York was driven to quickly bring the former FTX CEO into custody amid what continues to be a highly active investigation.

Bankman-Fried, 30, was charged with wire fraud and conspiracy to commit wire, commodities and securities fraud in an eight-count indictment unsealed Tuesday, weeks after the collapse of his cryptocurrency exchange. He was arrested Monday evening in the Bahamas at the request of U.S. officials, and a judge in the Bahamas denied his request for bail at a court appearance Tuesday.

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