Sam Bankman-Fried Is Under “Supervision” By Bahamian Authorities

By Anthony • November 13, 2022 1:02 pm • Comments

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

According to a person knowledgeable of the situation, the three former FTX execs, along with Alameda Research CEO Caroline Ellison, are searching for methods to leave for Dubai.

As a result, Bahamian Authorities have now placed SBF along with other executives under supervision as they face an investigation by Bahamian police.

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Earlier rumors swirled than Bankman-Fried fleed to Argentina which ended up not being true.

Cointelegraph broke the story:

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

A source familiar with the matter told Cointelegraph that the three former FTX executives, as well as Alameda Research CEO Caroline Ellison, are looking for ways to flee to Dubai. While the plan was made assuming that the United States “doesn’t have any extradition treaties” with the UAE, the nations signed a mutual legal assistance treaty (MLAT) back on Feb. 24, 2022, to work against criminals.

United States and United Arab Emirates sign bilateral agreement enhancing law enforcement cooperation. Source: Justice.gov
“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,” said the source, who asked to remain anonymous. The source has also revealed that Ellison is currently in Hong Kong, adding that means “she might be able to get to Dubai.”

However, community member coinbureau cited his source in the U.S. government to confirm that FTX members attempting to reach Dubai will get detained at the airport and sent straight back to the United States.\

IB Times shared these details:

A report has claimed that Sam Bankman-Fried, the former CEO of the cryptocurrency exchange platform FTX, which has filed for bankruptcy after its recent spectacular collapse, is currently “under supervision” in the Bahamas.

Cointelegraph reported that along with SBF, as Bankman-Fried is colloquially known, are a few other top executives of the platform.

Earlier rumors had suggested SBF could be in Buenos Aires.

SBF, along with FTX co-founder Gary Wang and director of engineering Nishad Singh are reportedly in the Bahamas and “under supervision” by local authorities, the report said citing an anonymous source supposedly familiar with the matter. “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 told Cointelegraph.

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