Damian Williams, United States Attorney for the Southern District of New York, said the investigation leading to charges against former FTX CEO Sam Bankman-Fried had been “very, very fast” but prosecutors were “not done” with arrests.

In a press conference livestream on Dec. 13, Williams said the timing of the arrest of Bankman-Fried had been based on progress from law enforcement officials, who authorized charges on Dec. 7 and indicted the former FTX CEO on Dec. 9, leading to a warrant being executed in the Bahamas on Dec. 12. An eight-count indictment released on Dec. 13 revealed U.S. authorities alleged SBF had defrauded customers and investors at FTX, defrauded lenders at Alameda, and violated campaign finance laws with contributions to both Democratic and Republican lawmakers.

“Bankman-Fried knowingly defrauded customers of FTX through the misappropriation of customer deposits to pay expenses and debts of a different company,” said FBI assistant director in charge Michael Driscoll in the same press conference. “In addition, Bankman-Fried executed deliberate transactions designed to obscure and disguise the misuse of customer funds. He preyed on his customers, the victims of this case, abusing the trust placed not only in his company but in himself as the lead of that company.”

There will be a press conference today at 2 p.m. to announce the indictment of Samuel Bankman-Fried, founder of the now-bankrupt FTX cryptocurrency exchange. The press conference will be live streamed at https://t.co/n1wN6uglOD pic.twitter.com/w3WetP45E6

— US Attorney SDNY…