Sam Bankman-Fried is ‘under surveillance’ in Bahamas

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Last Updated on November 13, 2022 by Bitfinsider

Former FTX CEO Sam Bankman-Fried, co-founder Gary Wang, and engineering director Nishad Singh are said to be in the Bahamas and “under the supervision” of local authorities.

According to a person with knowledge of the situation, the three former FTX executives and Alameda Research CEO Caroline Ellison are attempting to leave to Dubai. While the plan was developed under the assumption that the United States “does not have any extradition treaties” with the UAE, the two countries signed a mutual legal assistance treaty (MLAT) on February 24, 2022, in an effort to combat crime.

“Currently, three of them, Sam, Gary, and Nishad, are under monitoring in the Bahamas, making it difficult for them to escape,” claimed a source who requested anonymity. Additionally, the source disclosed that Ellison is now in Hong Kong, adding that “she may be able to travel to Dubai.”

On November 10, rumors circulated that Bankman-Fried had been arrested on the tarmac at The Bahamas Airport, despite evidence indicating that Bankman-private Fried’s jet had been grounded for forty minutes while en route to Miami from Nassau.

After Twitter users followed the whereabouts of his private jet using the flight tracking website ADS-B Exchange, speculations circulated on November 12 that Bankman-Fried had landed in Buenos Aires during the early morning hours.

In a text message sent to Reuters later in the day, Bankman-Fried rejected rumors that he had fled to Argentina, stating that he was still in The Bahamas.


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