The former CEO of FTX may face questioning by authorities in the U.S. as scrutiny over the role he played in the exchange’s sudden collapse and bankruptcy intensifies.
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Fast facts
- American and Bahamian authorities are considering the possibility of Sam Bankman-Fried traveling to the U.S. for questioning, Bloomberg reported Wednesday, citing three people familiar with the situation.
- Bankman-Fried was reportedly interviewed by Bahamian authorities on Saturday and is said to be cooperating, but no arrests have been made in connection with the matter, a source said.
- However, another “trusted source” speaking to Mario Nawfal on a Twitter Space claimed to have witnessed SBF “in a locked space” with authorities in Albany Tower — a luxury resort in The Bahamas.
- He has been in conversation with Bahamian officials but does not know of any plans by U.S. authorities, according to a person familiar with the discussions.
- On Tuesday, SBF said he was “meeting in-person with regulators and working with the teams to do what we can for customers.”
- Bankman-Fried, as well as FTX co-founder Gary Wang, director of engineering Nishad Singh, and former Alameda Research CEO Caroline Ellison, are looking to flee to Dubai, a source familiar with the matter told Cointelegraph on Saturday.
- The source added that plans were made assuming the U.S. “doesn’t have any extradition treaties” with the UAE, although the two nations did sign a mutual legal assistance treaty in Februrary 2022.
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