Sam Bankman-Fried, the former CEO of FTX, has denied allegations that he fled to Argentina.
SBF said he’s still in the Bahamas.
Sam Bankman-Fried in Bahamas
FlightRadar24 tweeted earlier in the day that SBF was flying from Nassau to Argentina.
Reuters reached out to SBF and asked if he had been to Argentina. The SBF answered no, stating that he was still in the Bahamas.
With the collapse of FTX, various allegations about the company and its executives continue to come to light.
The SBF recently tweeted that it would shut down Alameda Research and filed for chapter 11 bankruptcy in the US the next day.
According to the Financial Times, FTX has only $900 million in assets versus $8.9 billion in debt.
The exchange was valued at $32 billion earlier this year. SBF has been called the white knight of the crypto industry for bailing out multiple digital asset companies.
The SBF is currently facing investigation by the Department of Justice, the Securities and Exchange Commission and the Commodity Futures Trading Commission.