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Sam Bankman-Fried Supervised by Bahamian Authorities

Several rumours erupted, including that Bankman-Fried had joined his father, Joseph Bankman, and that authorities in the Bahamas had detained him at its main airport.

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 local authorities.

Several key FTX executives, including former chief executive Sam Bankman-Fried, co-founder Gary Wang, and Nishad Singh, director of engineering, remained “under supervision” from Bahamian authorities.

A marathon Crypto Roundtable Show Twitter Space, hosted by Mario Nawfal, speculated disgraced former chief executive of FTX Sam Bankman-Fried remained “in a locked space” at luxury resort Albany Tower in the Bahamas.

Where’s Bankman-Fried?

Several rumours erupted, including that Bankman-Fried had joined his father, Joseph Bankman, and that authorities in the Bahamas had detained him at its main airport.

Speculators believe police had grounded his private jet for roughly 40 minutes ahead of its journey from Nassau to Miami.

When asked by Reuters whether he had fled to Argentina, Bankman-Fried responded in a text message he had escaped to Argentina and was still in the Bahamas.

The news comes after a report from the Wall Street Journal stated US Department of Justice and Securities and Exchange Commission officials were investigating the fallen crypto exchange.

California’s Department of Financial Protection and Innovation (DFPI) also stated last week it would investigate the exchange’s collapse.

A further WSJ report on Tuesday revealed Bankman-Fried had attempted to raise funds for his platform with several employees. The group aimed to raise up to $8 billion to repay FTX customers, sources familiar with the matter said at the time.

No information published in Crypto Intelligence News constitutes financial advice; crypto investments are high-risk and speculative in nature.