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 “beneath supervision” by the native authorities.
The supply conversant in the matter informed 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 “would not have any extradition treaties” — probably in reference to the USA.
“Proper now three of them, Sam, Gary, and Nishad are beneath supervision within the Bahamas. Which suggests it will likely be laborious for them to depart,” mentioned the supply, who requested to stay nameless, including:
“I simply obtained phrase that they had been attempting to get a method to get to Dubai which doesn’t have an extradition treaty.”
The supply has additionally revealed that Ellison is at the moment in Hong Kong, including meaning “she would possibly be capable of get to Dubai.”
An analogous idea 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 area” with authorities in Albany Tower — a luxurious resort positioned in New Windfall in The Bahamas.
An unverified rumor additionally means that Bankman-Fried is at the moment 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 Change.
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 middle of one of many business’s greatest scandals.
A report from The Wall Avenue Journal on Nov. 9 advised that the U.S. Division of Justice and the Securities and Change 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’s going to 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.