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Sam Bankman-Fried was found "chilling" in the JFK airport lounge on $250 million bail

Published on

December 25, 2022
Read Time:1 Minute, 48 Second

The short-term arrest of former FTX CEO Sam Bankman-Fried (SBF) could be attributed to the crypto group's efforts to help investigations and observe the infamous entrepreneur's whereabouts. Whereas SBF ultimately escaped jail time on $250 million bail, the group continues to publicly monitor his each transfer.

Simply three days after his launch towards a private assertion of acknowledgment, a member of the crypto group reportedly noticed SBF “chilling out” in a lounge at John F. Kennedy Worldwide Airport. Supporting photos have been shared on Twitter by @litcapital, displaying SBF seated on a lounge chair with entry to a laptop computer and cellphone.

Discovered Sam Bankman-Fried within the JFK airport lounge. Supply: Twitter

Based mostly on the photographs, different group members confirmed that SBF's location was the Greenwich (Enterprise Class) Lounge in American Airways Terminal 8. In line with the primary supply, SBF was accompanied by his mother and father, FBI brokers and attorneys.

One among my followers noticed SBF chilling out at JFK final night time and snapped some iconic pictures pic.twitter.com/0Lg6OdqZz8

— Liquidity (@litcapital) December 23, 2022

Subsequent photos confirmed SBF on an American Airways flight, disguised in a cap and seated subsequent to an applicable supervisor.

Bro became Gary Vee pic.twitter.com/YdX49YaXMm

— frederik.eth (@bganpunk) December 23, 2022

The photographs reignited discussions about how SBF told Maxine Waters, chairman of the US Home of Representatives Monetary Providers Committee, that though he did have entry to his laptop computer and cellular system, he didn't have entry to his private or work info.

As well as, some additionally questioned how SBF was in a position to afford the enterprise class tickets amidst FTX's chapter proceedings. "Good to see that buyer funds are nonetheless getting used sensibly!" said a parishioner.

Associated: Choose withdraws from SBF-FTX case, citing husband's legislation agency counseling connection

A latest court docket submitting discovered that defunct crypto alternate FTX paid a $12 million advance to Sullivan & Cromwell LLP (S&C) simply forward of its Chapter 11 chapter submitting.

As of August 26, 2022, FTX has made almost $3.5 million in funds to S&C to acquire their authorized providers.



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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 : December 25, 2022
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