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 “below supervision” by the native authorities.
The supply conversant in the matter informed Cointelegraph that the three former FTX executives, an Alameda Analysis CEO Caroline Ellison are searching for methods to flee to Dubai, which “would not have any extradition treaties” — seemingly in reference to america.
“Proper now three of them, Sam, Gary, and Nishad are below supervision within the Bahamas. Which implies it is going to be laborious for them to depart,” a supply conversant in the matter informed Cointelegraph.
“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 present in Hong Kong, “so she would possibly be capable to get to Dubai.”
An identical concept was mentioned as a part of a 16-hour-long Twitter House hosted by 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 at present 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 proof suggesting that Bankman-Fried’s non-public jet had been grounded for round 40-minutes whereas on the way in which 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 heart of one of many trade’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 change.
The Division of Monetary Safety and Innovation (DFPI) within the state of California introduced on Nov. 10 that it’s going to open up an investigation as to the “obvious failure” of the change.
Roughly 130 corporations within the FTX Group, together with FTX Buying and selling, FTX US, and Alameda Analysis began chapter proceedings on Nov. 11.