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.
“Right now three of them, Sam, Gary and Nishad are under surveillance in the Bahamas. Which means it will be difficult for them to leave,” said the source, who asked to remain anonymous, adding:
“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, adding that this means “she might be able to go to Dubai.”
A similar theory has been discussed as part of a 4 p.m. Twitter space by Crypto Roundtable Show host Mario Nawfal, with guest speaker claiming ‘reliable sources’ witnessed Bankman-Fried ‘in a locked space’ with authorities d’Albany Tower – a luxury resort 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 Bahamas airport tarmac circled Nov. 10 with evidence suggesting Bankman-Fried’s private jet was grounded for 40 minutes 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 details 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 he had fled in Argentina, claiming he was still in the Bahamas.
The former CEO of FTX is at the center of one of the biggest scandals in the industry.
A report from the Wall Street Journal on November 9 suggested that the US Department of Justice and the Securities and Exchange Commission investigate the collapse of the crypto exchange.
The State of California Department of Financial Protection and Innovation (DFPI) announcement on November 10 that he will 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.