According to many sources, currently Sam Bankman-Fried (SBF) and two former FTX associates are currently being held by Bahamian authorities while they are trying to escape to Dubai.
According to Cointelegraph, citing sources, it is reported that former FTX CEO Sam Bankman-Fried (SBF), co-founder Gary Wang and chief technical officer Nishad Singh are currently being monitored by Bahamian authorities, who is said to have managed to flee to Dubai.
“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,”The source, who asked to remain anonymous, said
This is considered a paradise when there is no extradition treaty between Dubai and the United States. Previously, the founders of bankrupt crypto companies such as Su Zhu of 3AC, Do Kwon of Terra are also said to be “hiding” here.
Alameda Research CEO Caroline Ellison has been told she is in Hong Kong, which means she could travel to Dubai.
It was previously rumored that Bankman-Fried was arrested on the runway at the Bahamas airport which appeared on November 10 with evidence that Bankman-Fried’s private jet landed in 40 minutes en route from Nassau to Miami.
On November 12, rumors later indicated that Bankman-Fried had landed in Buenos Aires in the early hours of the day, information obtained by Twitter users who tracked the coordinates of his private jet using ADS-B Exchange flight tracking website.
Later in the day, Bankman-Fried in a message to Reuters denied speculation he had fled to Argentina, saying he remained in the Bahamas.
As updated in an earlier Coincu News article, on November 11, the crypto community saw 130 companies in the FTX Group, including FTX Trading, FTX US and Alameda Research have commenced bankruptcy proceedings.
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