HomeNewsSam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai

Sam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai


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FTX faded CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be within the Bahamas and are “below supervision” by the native authorities.

The availability conscious of the subject informed that the three faded FTX executives, to boot to Alameda Be taught CEO Caroline Ellison, are procuring methods to cruise to Dubai, which “would now not maintain any extradition treaties” — seemingly in reference to the US.

Sam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai
PHOTO CREDIT: fortune.com

“Lawful now three of them, Sam, Gary, and Nishad are below supervision within the Bahamas. Which components it might perchance presumably perchance be exhausting for them to leave,” a provide conscious of the subject informed Cointelegraph.

“I correct bought notice that they were attempting to accumulate a component to accumulate to Dubai which doesn’t maintain an extradition treaty.”

The availability has also revealed that Ellison is right now in Hong Kong, “so she is at the possibility of being in a converse to accumulate to Dubai.”

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An identical thought modified as soon as discussed as a part of a 16-hour-long Twitter Dwelling hosted by Mario Nawfal, with a visitor speaker claiming “relied on sources” maintain witnessed Bankman-Fried “in a locked web voice” with authorities in Albany Tower — a luxurious resort positioned in New Providence in The Bahamas.

An unverified rumor also suggests that Bankman-Fried is right now 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 internal jet had been grounded for 40-minutes whereas on the components 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 internal most jet the usage of the flight tracking web voice ADS-B Exchange.

Later in the day, Bankman-Fried in a textual voice message to Reuters denied speculation that he had fled to Argentina, claiming that he modified into as soon as peaceable within the Bahamas.

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The faded FTX CEO is on the guts of 1 of the industry’s supreme scandals.

A story from The Wall Avenue Journal on Nov. 9 suggested that the U.S. Division of Justice and the Securities and Exchange Rate are investigating the collapse of the crypto exchange.

The Division of Financial Protection and Innovation (DFPI) within the converse of California announced on Nov. 10 that it might perchance presumably perchance commence an investigation as to the “apparent failure” of the exchange.

Approximately 130 companies within the FTX Community, alongside side FTX Trading, FTX US, and Alameda Be taught began financial catastrophe court docket cases on Nov. 11.

Disclaimer: This article is for informational capabilities only. It is no longer an immediate offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any merchandise, services, or companies. We no longer provide funding, tax, neatly suited, or accounting advice. Neither the corporate nor the author is guilty, straight or no longer straight, for any injury or loss precipitated or speculated to be precipitated by or in connection with the usage of or reliance on any insist, items, or services mentioned in this text.

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