Where is Sam Bankman Fried? It is not an easy question.
Friday saw him resign as CEO at FTX, the cryptocurrency exchange which collapsed in a spectacular fashion earlier this week. FTX’s sudden downfall and bankruptcy has eroded the already shaky confidence in the crypto sector and sparked renewed calls for stronger regulations in the space.
Following his resignation, crypto-watchers speculated He claimed that he flew to Argentina in a private plane. But did he? Reuters reported Saturday morning that it asked him via text whether he had. to which he replied, “Nope.”
It was then revealed that he traveled to the Bahamas where FTX is based. According to Bloomberg, the Bahamian police interviewed him and regulators on Saturday. “person familiar with the matter.”
The intrigue surrounding the crypto mogul’s location is notable given how open and accessible he seemed before.
“You would send emails to the press team at FTX and Sam Bankman-Fried himself would email you back. He was very approachable, very easily accessed,” Wall Street Journal Caitlin Ottroff is a reporter Friday episode Of The Journal podcast.
Bankman-Fried appeared to be unable to articulate a simple idea a few months back. question about where he livedZoom call reporters: “I, uh, so, sorry, I—I’m hesitating because I mostly sleep on a bag…I live, I don’t know. Technically I live alone, but don’t sleep there. I mostly sleep on couches and beanbags.”
He was asked by the caller about the boundaries of FTX and Alameda Research. Reporting by, FTX lent Alameda Research billions of dollars, money that was used for risky bets. CoinDesk And then, Wall Street Journal.
Mark Cuban, a billionaire said that Bankman Fried ran FTX in a Friday interview. “dumb” way: “So, what does Sam Bankman do? He just, give me more, give me more, give me more, so I’m gonna borrow money, loan it to my affiliated company, and hope and pretend to myself that the FTT tokens that are in there on my balance sheet are gonna sustain their value.”
Bankman-Fried isn’t the only disgraced crypto mogul who’s made people guess about his whereabouts. Do Kwon, the co-founder of Terraform Labs in South Korea, has denied he’s on the run from authorities in his home country, where he faces allegations of manipulating the price of the Terra stablecoin, which collapsed in May. Korean prosecutors alleged in September that, despite his claims, he’s “obviously on the run.”
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