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Good morning. Sam Bankman-Fried arrested, Hong Kong scraps more Covid restrictions and Goldman Sachs swings the axe. Here’s what people are talking about.

Sam Bankman-Fried, the disgraced co-founder of digital-asset exchange FTX, was arrested in the Bahamas after the US government filed a criminal indictment, following weeks of speculation that client funds were misused before his empire’s collapse. Bankman-Fried is being held in custody pending an extradition process, the island nation’s attorney general said Monday.