FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be within the Bahamas and are “underneath supervision” by the native authorities.
The supply aware of the matter instructed Cointelegraph that the three former FTX executives, in addition to Alameda Analysis CEO Caroline Ellison, are in search of methods to flee to Dubai, which “does not have any extradition treaties” — probably in reference to the US.
“Proper now three of them, Sam, Gary, and Nishad are underneath supervision within the Bahamas. Which implies it will likely be onerous for them to depart,” stated the supply, who requested to stay nameless, including:
“I simply received phrase that they have been making an attempt to get a approach to get to Dubai which doesn’t have an extradition treaty.”
The supply has additionally revealed that Ellison is at the moment in Hong Kong, including which means “she would possibly have the ability to get to Dubai.”
The same principle was discussed as a part of a 16-hour-long Twitter House by The Crypto Roundtable Present host Mario Nawfal, with a visitor speaker claiming “trusted sources” have witnessed Bankman-Fried “in a locked house” with authorities in Albany Tower — a luxurious resort positioned in New Windfall in The Bahamas.
An unverified rumor additionally means that Bankman-Fried is at the moment joined by his father, Joseph Bankman.
Rumors that Bankman-Fried had been arrested on the tarmac at The Bahamas Airport made the rounds on Nov. 10 with proof suggesting that Bankman-Fried’s personal jet had been grounded for 40-minutes whereas on the best way to Miami from Nassau.
On Nov. 12, rumors then pointed to Bankman-Fried having landed in Buenos Aires within the early hours of the day, after Twitter customers tracked the coordinates of his personal jet utilizing the flight monitoring web site ADS-B Trade.
Later within the day, Bankman-Fried in a textual content message to Reuters denied hypothesis that he had fled to Argentina, claiming that he was nonetheless within the Bahamas.
Associated: FTX reportedly hacked as officers flag irregular pockets exercise
The previous FTX CEO is on the middle of one of many business’s greatest scandals.
A report from The Wall Avenue Journal on Nov. 9 steered that the U.S. Division of Justice and the Securities and Trade Fee are investigating the collapse of the crypto trade.
The Division of Monetary Safety and Innovation (DFPI) within the state of California announced on Nov. 10 that it’s going to open up an investigation as to the “obvious failure” of the trade.
Roughly 130 corporations within the FTX Group, together with FTX Buying and selling, FTX US, and Alameda Analysis began chapter proceedings on Nov. 11.
