FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be in the Bahamas and are “under supervision” by the nearby authorities.
The resource familiar with the matter instructed Cointelegraph that the a few previous FTX executives, as effectively as Alameda Research CEO Caroline Ellison, are on the lookout for means to flee to Dubai, which “would not have any extradition treaties” — possible in reference to the United States.
“Right now three of them, Sam, Gary, and Nishad are less than supervision in the Bahamas. Which means it will be challenging for them to go away,” reported the resource, who asked to remain anonymous, incorporating:
“I just acquired phrase that they had been trying to get a way to get to Dubai which won’t have an extradition treaty.”
The supply has also discovered that Ellison is at the moment in Hong Kong, introducing that indicates “she could possibly be in a position to get to Dubai.”
A related principle was reviewed as part of a 16-hour-prolonged Twitter Room by The Crypto Roundtable Exhibit host Mario Nawfal, with a visitor speaker declaring “trusted sources” have witnessed Bankman-Fried “in a locked space” with authorities in Albany Tower — a luxurious vacation resort situated at New Providence in The Bahamas.
An unverified rumor also suggests that Bankman-Fried is at the moment joined by his father, Joseph Bankman.
Rumors that Bankman-Fried experienced been arrested on the tarmac at The Bahamas Airport produced the rounds on Nov. 10 with proof suggesting that Bankman-Fried’s personal jet experienced been grounded for 40-minutes when on the way to Miami from Nassau.
On Nov. 12, rumors then pointed to Bankman-Fried obtaining landed in Buenos Aires in the early several hours of the day, immediately after Twitter consumers tracked the coordinates of his private jet using the flight monitoring internet site Advertisements-B Exchange.
Later in the working day, Bankman-Fried in a text message to Reuters denied speculation that he experienced fled to Argentina, proclaiming that he was still in the Bahamas.
Connected: FTX reportedly hacked as officials flag abnormal wallet action
The former FTX CEO is at the centre of one particular of the industry’s most significant scandals.
A report from The Wall Street Journal on Nov. 9 advised that the US Department of Justice and the Securities and Trade Commission are investigating the collapse of the crypto exchange.
The Division of Economic Protection and Innovation (DFPI) in the state of California introduced on Nov. 10 that it will open up up an investigation as to the “apparent failure” of the exchange.
Somewhere around 130 businesses in the FTX Group, which includes FTX Trading, FTX US, and Alameda Study started off individual bankruptcy proceedings on Nov. 11.
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