Disclaimer: The article has been updated to clarify that the United States and the UAE have an agreement on evidence sharing, judicial cooperation, and assistance in criminal investigations and prosecutions. As a result, fugitives from the United States who attempt to immigrate to Dubai will most likely be detained and sent back to the United States.
FTX’s former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are in the Bahamas and are “under surveillance” by local authorities.
A source familiar with the matter told Cointelegraph that three former FTX executives, as well as Alameda Research CEO Caroline Ellison, are looking for ways to flee to Dubai. Although the plan was drafted under the assumption that the United States had “no extradition treaty” with the UAE, the nations signed Mutual Legal Assistance Treaty (MLAT) on February 24, 2022, to work against criminals.
“Three of them, Sam, Gary and Nishad, are currently under surveillance in the Bahamas, which means it will be difficult for them to leave,” said the source, speaking on condition of anonymity. The source also revealed that Ellison is currently in Hong Kong, adding that this means “she could be heading to Dubai.”
However, community member coinbureau cited a US government source to confirm that FTX members attempting to reach Dubai will be detained at the airport and sent directly to the US.
It was a similar theory was discussed As part of a 16-hour Twitter space hosted by Crypto Roundtable Show host Mario Nawfal, “reliable sources” claimed to have witnessed Bankman-Fried in a “closed space” with authorities at a luxury resort in the Albany Tower, with a guest speaker in New Bahamas. in the city of Providence.
An unconfirmed rumor also suggests that Bankman-Fried is now joined by her father, Joseph Bankman.
Bankman-Fried was rumored to have been arrested In November, he circled the tarmac at the Bahamas airport. 10 with evidence showing that Bankman-Fried’s private jet had a 40-minute layover en route from Nassau to Miami.
On November 12, rumors later pointed to Bankman-Fried landing in Buenos Aires earlier in the day after Twitter users tracked the coordinates of his private jet using the ADS-B Exchange flight tracking website.
Later in the day, Bankman-Fried sent a text message to Reuters denied the speculations about his escape he went to Argentina, claiming he was still in the Bahamas.
Related: The FTX was reportedly hacked because officials were recording abnormal wallet activity
The former FTX CEO is at the center of one of them the industry’s biggest scandals.
A report by The Wall Street Journal in November. 9 he suggested The US Department of Justice and the Securities and Exchange Commission are investigating the cryptocurrency exchange crash.
California Department of Financial Protection and Innovation (DFPI). announced where he said on November 10 he would open an investigation into the “blatant failure” of the stock exchange.
About 130 companies in the FTX Group, including FTX Trading, FTX US and Alameda Research, filed for bankruptcy in November. 11.
Update 6:40 UTC Nov. 13: Cointelegraph sent a request to FTX.
Update 10:35 UTC Nov. 13: Cointelegraph has made further inquiries to the Bahamas Police Force and the Bahamas Securities Commission.
