Sam Bankman-Fried is ‘under surveillance’ in the Bahamas and seeks to flee to Dubai
Former FTX CEO Sam Bankman-Fried, co-founder Gary Wang and engineering director Nishad Singh are believed to be in the Bahamas and “under surveillance” by local authorities.
The source familiar with the matter told Cointelegraph that the three former FTX executives, along with Alameda Research CEO Caroline Ellison, were looking for ways to flee to Dubai, which “does not have extradition treaties” – probably in reference to the United States. states.
“At the moment three of them, Sam, Gary and Nishad are under surveillance in the Bahamas. Which means it will be difficult for them to leave,” a source familiar with the matter told Cointelegraph.
“I just heard they were trying to find a way to get to Dubai, which doesn’t have an extradition treaty.”
The source also revealed that Ellison is currently in Hong Kong, “so maybe she could go to Dubai.”
A similar theory has been discussed as part of a 16-hour Twitter space hosted by Mario Nawfal, with a guest speaker saying ‘reliable sources’ witnessed Bankman-Fried ‘in a locked space’ with authorities at Albany Tower – a complex luxury property located in New Providence in The Bahamas.
An unverified rumor also suggests that Bankman-Fried is currently 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 evidence suggesting that Bankman-Fried’s private jet had been grounded for 40 minutes while on its way to Miami from Nassau.
On Nov. 12, rumors then surfaced that Bankman-Fried had landed in Buenos Aires in the early hours of the day, after Twitter users tracked the coordinates of his private jet using the flight tracking website. ADS-B Exchange.
Later that day, Bankman-Fried in a text message to Reuters denied speculation that he had fled to Argentina, saying he was still in the Bahamas.
Related: FTX Reportedly Hacked as Officials Report Abnormal Wallet Activity
The former FTX CEO is at the center of one of the industry’s biggest scandals.
A November 9 Wall Street Journal report suggested that the US Department of Justice and the Securities and Exchange Commission are investigating the collapse of the crypto exchange.
The state of California’s Department of Financial Protection and Innovation (DFPI) announced Nov. 10 that it would open an investigation into the “apparent failure” of the exchange.
Around 130 FTX Group companies, including FTX Trading, FTX US and Alameda Research, filed for bankruptcy on November 11.