December 2, 2022

Sam Bankman-Fried 'under supervision' in the Bahamas, looking to escape to Dubai

Sam Bankman-Fried ‘under supervision’ in the Bahamas, looking to escape to Dubai

Former FTX CEO Sam Bankman Fried, co-founder Gary Wang, and Director of Engineering Nishad Singh are known to be based in the Bahamas and “under the supervision” of local authorities.

The source familiar with the matter told Cointelegraph that the three former FTX executives, as well as Alameda research executive Caroline Ellison, are looking for ways to flee to Dubai, which “does not have any extradition treaties” – likely in reference to the United States. States.

“Now three of them, Sam, Gary and Nishad are under supervision in the Bahamas. Which means it will be difficult for them to leave,” said the source, who requested anonymity, adding:

“I just learned that they were trying to get a way to get to Dubai which doesn’t have an extradition agreement.”

The source also revealed that Ellison is currently in Hong Kong, adding that “she may be able to make it to Dubai.”

It was a similar theory discuss As part of a 16-hour Twitter space by Crypto Roundtable Show host Mario Novel, with a guest speaker claiming that “reliable sources” saw Bankman Fried “in a closed space” with authorities at the Albany Tower – a luxury resort located in New Providence in the Bahamas.

An unverified rumor also indicates that Bankman Fried is currently being joined by his father, Joseph Bankman.

Rumors of Bankman Fried’s arrest On the tarmac at Bahamas Airport, he made the rounds on November 10 with clues indicating that Bankman Fried’s private jet had been parked for 40 minutes as it flew to Miami from Nassau.

On November 12, rumors indicated that Bankman-Fried landed in Buenos Aires in the early hours of the day, after Twitter users tracked the coordinates of his private plane using flight-tracking site ADS-B Exchange.

Later in the day, Bankman sent Fried in a text message to Reuters He denied speculation that he had escaped to Argentina, claiming that he is still in the Bahamas.

Related: FTX Reportedly Has Been Hacked While Officials Report Abnormal Wallet Activity

The former CEO of FTX is in the heart of one Industry’s biggest scandals.

a Report From the Wall Street Journal on November 9, it was suggested that the US Department of Justice and the Securities and Exchange Commission investigate the crash of the cryptocurrency exchange.

California Department of Financial Protection and Innovation (DFPI) announce On November 10, it will open an investigation into the “obvious failure” of the exchange.

Nearly 130 companies in the FTX group, including FTX Trading, FTX US and Alameda Research, began bankruptcy proceedings on November 11.