Reports said that 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.
It has been reported that a source familiar with the matter said 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 February 24, 2022, to work against criminals.
However, the community member coin bureau cited his source in the US government to confirm that FTX members attempting to reach Dubai will get detained at the airport and sent straight back to the United States. A similar theory was discussed as part of a 16-hour-long Twitter Space by The Crypto Roundtable Show host Mario Nawfal, with a guest speaker claiming “trusted sources” have witnessed Bankman-Fried “in a locked space” with authorities in Albany Tower — a luxury resort located in New Providence in The Bahamas.
The report said that an unverified rumor also suggests that Bankman-Fried is currently joined by his father, Joseph Bankman. Rumors that Bankman-Fried had been arrested on the tarmac at The Bahamas Airport made the rounds on November 10 with evidence suggesting that Bankman-Fried’s private jet had been grounded for 40 minutes while on the way to Miami from Nassau.
Thus, on November 12, rumors then pointed to Bankman-Fried having landed in Buenos Aires in the early hours of the day after Twitter users tracked the coordinates of his private jet using the flight tracking website ADS-B Exchange.