FTX’s SBF Under ‘Supervision’ in Bahamas, Wants to Flee to Dubai

FTX’s SBF Under ‘Supervision’ in Bahamas, Wants to Flee to Dubai

• FTX’s SBF is under supervision along with executives Gary Wang and Nishad Singh.
• They are reportedly attempting to flee to Dubai.
• Kraken has announced that FTX’s and its executives’ accounts have been frozen.

According to the latest reports, FTX’s Sam Bankman-Fried was interviewed by Bahamian police and regulators on Saturday and now is under supervision along with co-founder Gary Wang and director of engineering Nishad Singh.

All three of them are reportedly attempting for ways to flee to Dubai, which “doesn’t have any extradition treaties” similar to the United States.

Note that in the Bahamas, law-enforcement inquiries does not imply that someone will be charged with the crime.

Another similar theory propounded on Twitter Space claimed that apparently Bankman-Fried is “in a locked space” with authorities in Albany Tower in The Bahamas. Another rumor also suggested that SBF is accompanied by his father, Joseph Bankman.

Twitter users too, jumped in with their speculations regarding SBF’s apparent hideout, as they traced the coordinates of his private jet using the flight tracking website. Later, Bankman-Fried denied speculation that he had fled to Argentina, and confirmed that he was still in the Bahamas.After FTX was hacked and users were asked to not visit the website, Kraken exchange spoke with law enforcement regarding accounts of the FTX Group, Alameda Research and their officials. In the latest development, Kraken has announced that the accounts have been frozen.

Bankman-Fried is already in troubled waters with FTX’s bankruptcy. Moreover, he is also dealing with heavy investigation from the Securities and Exchange Commission regarding him flouting securities guidelines.California’s Department of Financial Protection and Innovation (DFPI) too announced the examination of FTX’s collapse. Nearly 130 firms tied to FTX.com, including FTX US and Alameda Research Ltd. were named in bankruptcy filings at federal court in Delaware.

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