Sam Bankman-Fried and two former FTX partners are said to be “under monitoring” by Bahamian authorities.
Former FTX CEO Sam Bankman-Fried, co-founder Gary Wang, and director of engineering Nishad Singh are said to be in the Bahamas and “under the supervision” of local authorities.
According to a person acquainted with the situation, the three former FTX executives, as well as Alameda Research CEO Caroline Ellison, are searching for methods to leave for Dubai. While the strategy was designed with the assumption that the US “doesn’t have any extradition treaties” with the UAE, the countries signed a mutual legal assistance treaty (MLAT) on Feb. 24, 2022, to collaborate against criminals.
“Right now, three of them, Sam, Gary, and Nishad, are under monitoring in the Bahamas, which means it will be difficult for them to escape,” stated the anonymous source. According to the source, Ellison is now in Hong Kong, which implies “she might be able to go to Dubai.”
However, the community member coin bureau confirmed, citing a source in the US government, that FTX members attempting to enter Dubai will be arrested at the airport and returned to the US.
A similar hypothesis was explored as part of The Crypto Roundtable Show presenter Mario Nawfal’s 16-hour-long Twitter Room, with a guest speaker stating “reliable sources” saw Bankman-Fried “in a closed space” with officials in Albany Tower – a luxury resort located in New Providence, The Bahamas.
According to unconfirmed rumors, Bankman-Fried is presently accompanied by his father, Joseph Bankman.
Rumors circulated on Nov. 10 that Bankman-Fried had been detained on the tarmac at The Bahamas Airport, with evidence indicating that Bankman-private Fried’s plane had been grounded for 40 minutes while en route to Miami from Nassau.
On Nov. 12, reports circulated that Bankman-Fried had arrived in Buenos Aires in the early hours of the morning after Twitter users traced his private jet’s whereabouts using the flight monitoring website ADS-B Exchange.
Later that day, in a text message to Reuters, Bankman-Fried refuted reports that he had fled to Argentina, insisting that he was still in The Bahamas.
The former FTX CEO is embroiled in one of the industry’s most serious scandals.
According to a report in The Wall Street Journal on November 9, the US Department of Justice and the Securities and Exchange Commission are looking into the collapse of the crypto exchange.