Sam Bankman Fried, a crypto trader whose wealth is almost zero after being cut by USD 16 billion, is facing the possibility of investigation by the authorities in the United States. However, there were rumors that he was trying to escape.
As reported, Bankman owns 70% ownership of cryptocurrency exchange company FTX, but now its value is almost zero. The downturn is called because of his own doing. He's been busy in the last few months saving other crypto companies and several deals have cost the company more losses and eventually crumbled.
Not only that, there is news that funds between USD 1 billion and USD 2 billion belonging to FTX customers have disappeared without a trace. It is also suspected that there are improper business practices.
Since last year, Bankman has become a permanent resident in the Bahamas, Nassau, and conducts his business there. Well, officials from the Department of Justice to the United States financial supervisory agency will reportedly visit him.
At the same time, monitoring using Flight Radar 24 tracked that Bankman's private plane was flying from Nassau to Argentina. In fact, related sources say Bankman was actually on the plane.
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However, Bankman later denied that he tried to leave his home in Nassau and claimed he was still there today.
Moreover, Argentina recently had an extradition treaty with the US, so it is clearly not a good destination for those who have problems with US law.
Of course this incident greatly damaged the reputation of Sam Bankman Fried. He is known as a humble rich man, often giving his money to charity. Now his fortune can be said to have almost disappeared and also has to face an investigation from the authorities regarding the bankruptcy of FTX.