An MIT graduate, Sam Bankman-Fried is the co-founder of FTX, the cryptocurrency exchange that has just filed for bankruptcy. His personal worth has shrunk ...
Sam Bankman-Fried told Reuters he is still in the Bahamas, as rumors swirled overnight that the ex-CEO of the now-bankrupt FTX had run off to South America.
[told Reuters](https://www.reuters.com/technology/ftx-founder-bankman-fried-says-he-is-bahamas-2022-11-12/) he is still in the Bahamas, as rumors swirled overnight that the disgraced ex-CEO of [the now-bankrupt crypto exchange FTX](https://www.cnbc.com/2022/11/11/sam-bankman-frieds-cryptocurrency-exchange-ftx-files-for-bankruptcy.html) had run off to South America. The [Financial Times is reporting](https://www.ft.com/content/f05fe9f8-ca0a-48d5-8ef2-7a4d813af558?shareType=nongift) that a day before filing for bankruptcy protection, FTX's global exchange had $900 million in "easily sellable assets" against $9 billion of liabilities. Meanwhile, the bankrupt exchange He added that he remained in the Bahamas, which became his full-time residence last year. [winding down his trading house](https://www.cnbc.com/2022/11/10/crypto-billionaire-sam-bankman-fried-blames-himself-for-ftxs-collapse-admits-he-f-ed-up.html), Alameda Research, and then on Friday, FTX โ the digital asset exchange that Bankman-Fried founded in 2019 โ filed for Chapter 11 bankruptcy protection in the U.S. [(Argentina has an extradition treaty with the U.S.](https://www.congress.gov/treaty-document/105th-congress/18/all-info) and carried out an extradition as recently as [October](https://www.justice.gov/usao-sdca/pr/alleged-major-bolivian-drug-trafficker-extradited-argentina-united-states), so it is not an ideal destination for someone potentially looking to evade authorities in the U.S.)
FTX founder Sam Bankman-Fried has denied speculation that he's fled to Argentina as the saga surrounding his collapsed cryptocurrency exchange continued to ...
Sam Bankman-Fried Argentina News: Following the potential exploit on crypto exchange FTX, outgoing CEO is reportedly flying to Argentina.
As of writing, BTC price stands at $16,854, up 1.63% in the last 24 hours, according to price tracking platform [CoinMarketCap](https://coinmarketcap.com/). On Friday, the company said FTX and Alameda Research commenced the [bankruptcy proceedings](https://coingape.com/ftx-announces-chapter-11-bankruptcy-crypto-market-down/). Securities and Exchange Commission](https://coingape.com/tag/sec/). [Sam Bankman-Fried](https://coingape.com/tag/sam-bankman-fried/) has resigned from the role of FTX chief executive officer. It is also suspected that some of the FTX employees are behind the hack. Earlier, it was reported that the FTX and FTX US wallets were subject to an exploit involving token transfer of around $600 million.