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Sam Bankman-Fried is "under surveillance" in the Bahamas and wants to flee to Dubai

Published on

January 13, 2023
Read Time:2 Minute, 7 Second

Former FTX CEO Sam Bankman-Fried, co-founder Gary Wang and technical director Nishad Singh are mentioned to be within the Bahamas and are "beneath supervision" by native authorities.

The supply accustomed to the matter advised Cointelegraph that the three former FTX executives, in addition to Alameda Analysis CEO Caroline Ellison, are taking a look at methods to flee to Dubai, which “has no extradition treaties” — probably regarding america Circumstances.

“Proper now, three of them, Sam, Gary and Nishad, are beneath custody within the Bahamas. This implies they'll discover it troublesome to depart,” a supply accustomed to the matter advised Cointelegraph.

"I simply discovered they're making an attempt to get to Dubai the place there is no such thing as a extradition treaty."

The supply has additionally revealed that Ellison is presently in Hong Kong "so possibly she will be able to come to Dubai".

An identical principle was discussed as a part of a 16-hour Twitter room hosted by Mario Nawfal, with a visitor speaker who claims "reliable sources" had Bankman-Fried "in a locked room" with authorities on the Albany Tower -- a luxurious resort in New Windfall -- seen The Bahamas.

An unconfirmed rumor additionally states that Bankman-Fried is presently being supported by his father, Joseph Bankman.

Rumors that Bankman-Fried had been arrested on the tarmac at Bahamas Airport circulated on Nov. 10, with proof suggesting Bankman-Fried's non-public jet was grounded for 40 minutes en route from Nassau to Miami.

Then, on November 12, rumors prompt Bankman-Fried landed in Buenos Aires within the early hours of the morning after Twitter customers tracked his non-public jet's coordinates through flight-tracking web site ADS-B Trade.

Later within the day, in a textual content message to Reuters, Bankman-Fried denied hypothesis that he had fled to Argentina and claimed he was nonetheless within the Bahamas.

Associated: FTX has reportedly been hacked as officers report uncommon pockets exercise

The previous FTX CEO is on the heart of one of many largest scandals within the trade.

A report from the Wall Road Journal on Nov. 9 prompt that the U.S. Division of Justice and the Securities and Trade Fee are investigating the crypto alternate collapse.

The Division of Monetary Safety and Innovation (DFPI) within the State of California announced on November 10 that it'll launch an investigation into the "obvious failure" of the alternate.

Roughly 130 firms within the FTX Group, together with FTX Buying and selling, FTX US and Alameda Analysis, filed for chapter on November 11.

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : January 13, 2023
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