FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be within the Bahamas and are “underneath supervision” by the native authorities.
The supply aware of the matter instructed Cointelegraph that the three former FTX executives, in addition to Alameda Analysis CEO Caroline Ellison, are on the lookout for methods to flee to Dubai, which “does not have any extradition treaties” — doubtless in reference to america.
“Proper now three of them, Sam, Gary, and Nishad are underneath supervision within the Bahamas. Which suggests it will likely be arduous for them to depart,” mentioned the supply, who requested to stay nameless, including:
“I simply bought phrase that they had been making an attempt to get a technique to get to Dubai which doesn’t have an extradition treaty.”
The supply has additionally revealed that Ellison is presently in Hong Kong, including which means “she would possibly have the ability to get to Dubai.”
The same principle was discussed as a part of a 16-hour-long Twitter House by The Crypto Roundtable Present host Mario Nawfal, with a visitor speaker claiming “trusted sources” have witnessed Bankman-Fried “in a locked house” with authorities in Albany Tower — a luxurious resort situated in New Windfall in The Bahamas.
An unverified rumor additionally means that Bankman-Fried is presently 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 non-public jet had been grounded for 40-minutes whereas on the best way 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 non-public jet utilizing the flight monitoring web site ADS-B Trade.
Later within the day, Bankman-Fried in a textual content message to Reuters denied hypothesis that he had fled to Argentina, claiming that he was nonetheless within the Bahamas.
Associated: FTX reportedly hacked as officers flag irregular pockets exercise
The previous FTX CEO is on the heart of one of many business’s largest scandals.
A report from The Wall Road Journal on Nov. 9 instructed that the U.S. Division of Justice and the Securities and Trade Fee are investigating the collapse of the crypto trade.
The Division of Monetary Safety and Innovation (DFPI) within the state of California announced on Nov. 10 that it’ll open up an investigation as to the “obvious failure” of the trade.
Roughly 130 firms within the FTX Group, together with FTX Buying and selling, FTX US, and Alameda Analysis began chapter proceedings on Nov. 11.
Replace 6:40am UTC Nov 13: Cointelegraph has reached out to FTX for remark.