Sam Bankman-Fried supposedly rejects getting away to Argentina, states he’s still in the Bahamas

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Sam Bankman-Fried, CEO and Founder of FTX, strolls near the U.S. Capitol, in Washington, D.C., September 15, 2022.

Graeme Sloan|Sipa by means of AP Images

Sam Bankman-Fried informed Reuters he is still in the Bahamas, as reports swirled over night that the disgraced ex-CEO of the now-bankrupt crypto exchange FTX had actually run to South America.

FlightRadar24 tweeted early Saturday early morning that the one-time crypto billionaire was flying from Nassau toArgentina The account pointed out tweets as its sourcing that it was Bankman-Fried aboard the flight in concern. (Argentina has an extradition treaty with the U.S. and performed an extradition as just recently as October, so it is not a perfect location for somebody possibly aiming to avert authorities in the U.S.)

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Reuters asked Bankman-Fried whether he had actually flown to Argentina, and he responded, “Nope,” by text. He included that he stayed in the Bahamas, which became his full-time house in 2015.

Speculation over SBF’s (a label offered to the previous FTX CEO) location come as authorities close in on Bankman-Fried and his unsuccessful crypto empire.

On Thursday, Bankman-Fried tweeted that he would be unwinding his trading home, Alameda Research, and after that on Friday, FTX– the digital possession exchange that Bankman-Fried established in 2019– declared Chapter 11 insolvency defense in the U.S. That exact same day, Bankman-Fried stepped down as CEO. The Financial Times is reporting that a day prior to declaring insolvency defense, FTX’s international exchange had $900 million in “easily sellable assets” versus $9 billion of liabilities.

It was an extremely quick fall from grace for FTX today.

Earlier this year, the exchange was valued at $32 billion, and Bankman-Fried was billed as crypto’s white knight as he bailed out several digital possession business. Now, its ex-CEO is supposedly dealing with probes by the Department of Justice, the Securities and Exchange Commission, and the Commodity Futures TradingCommission Meanwhile, the insolvent exchange appears to have actually been the target of a hack over night.

— CNBC’s David Sucherman added to this report.

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