Sam Bankman-Fried

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 — the digital asset exchange that Bankman-Fried founded in 2019 — 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.)