US prosecutors allege he played a key role in the collapse of FTX — a cryptocurrency exchange and crypto hedge fund he founded — and hid its problems from investors.

Disgraced former CEO of FTX crypto exchange is arrested in the Bahamas Prosecutors will unseal a criminal indictment against Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, on Tuesday. He was taken into custody in the Bahamas on Monday.

FTX is suspected of misappropriating customer funds. The platform's founder and former CEO, Sam Bankman-Fried, lives in the island country.

The bodies of 17 people — including an infant — were recovered after a boat carrying migrants from Haiti keeled over off the coast of the Bahamas.

Images released by the US Coast Guard of the rescue of three Cuban nationals who were stranded for more than a month on Anguilla Cay, a desert island in the Bahamas. A Coast Guard surveillance plane spotted the castaways during a routine patrol, noticing some unusual flags and some different colors. When they returned to the area to investigate, the aircrew noticed a makeshift shelter and three people signaling them. The group, who reportedly survived on coconuts and rats, had been living on the island after their boat capsized.

More than 1,300 people are missing after a recent hurricane, but the Bahamas is now expecting another major storm. The UN has said climate change is responsible.

Officials in the Bahamas have listed some 2,500 people as missing in the aftermath of Hurricane Dorian. Meanwhile, the White House said it was not planning to give islanders temporary protected immigration status.

Hurricane Dorian, tied as the most powerful storm to hit land anywhere in the Atlantic, battered the Bahamas inflicting colossal damage to property and infrastructure across the chain of islands. Bloomberg's Stuart Wallace reports on "Bloomberg Surveillance."

FIFA beach soccer - World Cup sand eagles leave for Bahamas.