Sam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai
2022.11.12 18:31
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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 local authorities.
The source familiar with the matter told Cointelegraph that the three former FTX executives, an Alameda Research CEO Caroline Ellison are looking for ways to flee to Dubai, which “doesn’t have any extradition treaties” — likely in reference to the United States.
“Right now three of them, Sam, Gary, and Nishad are under supervision in the Bahamas. Which means it will be hard for them to leave,” a source familiar with the matter told Cointelegraph.
“I just got word that they were trying to get a way to get to Dubai which doesn’t have an extradition treaty.”
The source has also revealed that Ellison is currently in Hong Kong, “so she might be able to get to Dubai.”
A similar theory was discussed as part of a 16-hour-long Twitter Space hosted by Mario Nawfal, with a guest speaker claiming “trusted sources” have witnessed Bankman-Fried “in a locked space” with authorities in 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 tarmac at The Bahamas Airport had made the rounds on Nov. 10, with evidence suggesting that Bankman-Fried’s private jet had been grounded for around 40-minutes while on the way to Miami from Nassau.
On Nov. 12, rumors then pointed to Bankman-Fried having 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 in the day, Bankman-Fried in a text message to Reuters denied speculation that he had fled to Argentina, claiming that he was still in the Bahamas.
Related: FTX reportedly hacked as officials flag abnormal wallet activity
The former FTX CEO is at the center of one of the industry’s biggest scandals.
Approximately 130 companies in the FTX Group, including FTX Trading, FTX US, and Alameda Research started bankruptcy proceedings on Nov. 11.
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