1 year ago
90 Sam Bankman-Fried, CEO and Founder of FTX, walks adjacent the U.S. Capitol, successful Washington, D.C., September 15, 2022.
Graeme Sloan | Sipa via AP Images
Sam Bankman-Fried told Reuters helium is inactive successful the Bahamas, arsenic rumors swirled overnight that the disgraced ex-CEO of the now-bankrupt crypto speech FTX had tally disconnected to South America.
FlightRadar24 tweeted aboriginal Saturday greeting that the one-time crypto billionaire was flying from Nassau to Argentina. The relationship cited tweets arsenic its sourcing that it was Bankman-Fried aboard the formation successful question. (Argentina has an extradition pact with the U.S. and carried retired an extradition arsenic precocious as October, truthful it is not an perfect destination for idiosyncratic perchance looking to evade authorities successful the U.S.)
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Reuters asked Bankman-Fried whether helium had flown to Argentina, and helium replied, "Nope," by text. He added that helium remained successful the Bahamas, which became his full-time residence past year.
Speculation implicit SBF's (a nickname fixed to the erstwhile FTX CEO) whereabouts travel arsenic authorities adjacent successful connected Bankman-Fried and his failed crypto empire.
On Thursday, Bankman-Fried tweeted that helium would beryllium winding down his trading house, Alameda Research, and past connected Friday, FTX — the integer plus speech that Bankman-Fried founded successful 2019 — filed for Chapter 11 bankruptcy extortion successful the U.S. That aforesaid day, Bankman-Fried stepped down arsenic CEO. The Financial Times is reporting that a time earlier filing for bankruptcy protection, FTX's planetary speech had $900 cardinal successful "easily sellable assets" against $9 cardinal of liabilities.
It was a precise swift autumn from grace for FTX this week.
Earlier this year, the speech was valued astatine $32 billion, and Bankman-Fried was billed arsenic crypto's achromatic knight arsenic helium bailed retired aggregate integer plus companies. Now, its ex-CEO is reportedly facing probes by the Department of Justice, the Securities and Exchange Commission, and the Commodity Futures Trading Commission. Meanwhile, the bankrupt speech appears to person been the people of a hack overnight.
— CNBC's David Sucherman contributed to this report.
