FOLLOW US

And More November 13, 2022 1 min read

Sam Bankman-Fried Denies Rumors of Fleeing to South America, Reuters Says

And More ı By Rochdi Rais

0 Comments

Sam Bankman-Fried

Sam Bankman-Fried told Reuters he is still in the Bahamas, as rumors spread overnight that the embarrassed ex-CEO of the now-bankrupt crypto exchange FTX had run off to South America.

FlightRadar24 tweeted early Saturday morning that the crypto billionaire was flying from Nassau to Argentina.

Reuters asked Bankman-Fried whether he had flown to Argentina, and he replied, “Nope,” by text. He added that he remained in the Bahamas, which became his full-time residence last year.

On Thursday, Bankman-Fried tweeted that he would be ditching his trading house, 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. That same day, Bankman-Fried stepped down as CEO. The Financial Times is reporting that a day before filing for bankruptcy protection, FTX’s global exchange had $900 million in “easily sellable assets” against $9 billion of liabilities.

Before the collapse, the exchange was valued at $32 billion, and Bankman-Fried. Now, its ex-CEO is reportedly facing probes by the Department of Justice, the Securities and Exchange Commission, and the Commodity Futures Trading Commission. 

 

Previous Article

DNA implicates suspect of woman murdered in Las Vegas in 1980

Read More
2773 Posts

Rochdi Rais

Rochdi Rais is the Head of Growth and financial and legal writer at USA Herald. He has been writing and editing financial, legal and U.S. news for years with over +4000 articles published during his career.

Discussion

No comments yet. Be the first to join the discussion!

Don’t Miss It
America September 28, 2026
Kelsi Mercer Insurance Fraud Case Alleges…

A Jonesboro woman is facing insurance fraud charges after investigators…

By – Rachel Moore
America September 28, 2026
Chubb $30M Claimed After Insurers Lose…

A West Virginia federal jury has ordered two Chubb insurers…

By – Rachel Moore
America September 28, 2026
HUB International Rebrands After a Decade…

HUB International rebrands for the first time since 2016, unveiling…

By – Rachel Moore
America September 28, 2026
Pope Leo XIV Condemns France’s New…

What Readers Should Know Pope Leo XIV used his visit…

By – Samuel Lopez
America September 28, 2026
Fat Bear Week Returns With 16…

The annual fat bear week competition is back, and 16…

By – Tyler Brooks
America September 28, 2026
Cornell 7: University Pushes Back on…

The Cornell 7 case has drawn renewed scrutiny after Cornell…

By – Jackie Allen
America September 28, 2026
Cornell 7: University Pushes Back on…

The Cornell 7 case has drawn renewed scrutiny after Cornell…

By – Jackie Allen
America September 28, 2026
SpaceX Starship Launch Reaches Orbit for…

For years, orbit was the finish line Starship kept sprinting…

By – Tyler Brooks
America September 28, 2026
Pac Death at 40 Stuns Wrestling…

For nearly two decades, he seemed to laugh at the…

By – Tyler Brooks
America September 28, 2026
JJ McCarthy Trade Sends Former First-Rounder…

Two years ago, a franchise spent a top-10 pick on…

By – Tyler Brooks
America September 28, 2026
Andrew Bailey Resigns From FBI Post,…

Some high-profile appointments burn bright and fast, then vanish with…

By – Tyler Brooks
America September 28, 2026
‘The Spider’ Extradited to U.S. From…

Geovany Andres Rojas, known by the alias “Araña,” or “the…

By – Jackie Allen
America September 28, 2026
‘The Spider’ Extradited to U.S. From…

Geovany Andres Rojas, known by the alias “Araña,” or “the…

By – Jackie Allen
America September 27, 2026
DOJ Launches $25 Million ANGEL Grant…

What Readers Need to Know The Justice Department’s first Attorney…

By – Samuel Lopez
America September 27, 2026
Trump Allies Urge Martial Law to…

Trump allies are urging President Donald Trump to use martial…

By – Michallie Harrison
America September 27, 2026
Chris Hansen Rips Robert Pattinson’s ‘Bizarre’…

Chris Hansen has delivered a blunt assessment of Robert Pattinson’s…

By – Jackie Allen
America September 27, 2026
Race Faker: Philadelphia activist Hannah Gann…

A Philadelphia teacher and activist described online as a “race…

By – Jackie Allen
America September 26, 2026
VisionQuest Brings Marvel’s Vision Trilogy to…

VisionQuest is set to bring Marvel Television’s story of Vision…

By – Jackie Allen
America September 27, 2026
Historic El Niño Threatens a New…

What Homeowners and Insurers Need to Know California is already…

By – Samuel Lopez
America September 27, 2026
Crocs Sues Five Below Over $7…

By Samuel López | USA Herald The footwear giant, Crocs…

By – Samuel Lopez
America September 27, 2026
Buried In Pentagon’s 6th UAP File…

Three Key Takeaways A newly released DIA paper went beyond…

By – Samuel Lopez
America September 26, 2026
The Exorcist Terrified Moviegoers Then Haunted…

What Still Lurks Behind The Exorcist The legal fight overBeyond…

By – Samuel Lopez
America September 26, 2026
Georgia Parents Sue Pepsi After Vending…

What Parents Say Pepsi Knew A former Pepsi vendor was…

By – Samuel Lopez
America September 26, 2026
Miami Art Dealer Who Faked Warhol…

Before You Read The Full Story — Three Things To…

By – Samuel Lopez
America September 26, 2026
Princess Diaries Star Heather Matarazzo Says…

WHY THIS MATTERS Heather Matarazzo just admitted something most working…

By – Samuel Lopez
America September 24, 2026
California’s $11 Billion Undocumented Immigrant Benefits…

By Samuel López | USA Herald SACRAMENTO – California is…

By – Samuel Lopez
America September 22, 2026
Hayden Panettiere’s Cause of Death Confirms…

What the Toxicology Findings Tell Us Hayden Panettiere’s death has…

By – Samuel Lopez
America September 22, 2026
Clavicular Charged With Rape In Massachusetts…

What Matters Now Braden Peters, known online as Clavicular, faces…

By – Samuel Lopez
America September 22, 2026
VP JD Vance and Dr. Oz…

Insurance Impact at a Glance CMS says it canceled 315,000…

By – Samuel Lopez
America September 19, 2026
Iranian Government Holds Rally as War…

The Iranian Government organized its allegedly largest rally since the…

By – Jackie Allen
America September 26, 2026
New York Sues Polymarket Claiming Prediction…

What This Fight Is Really About New York says Polymarket…

By – Samuel Lopez
America September 24, 2026
New York Sues Polymarket Over Alleged…

What’s Riding on the Bet New York says Polymarket’s sports…

By – Samuel Lopez
America September 23, 2026
Roblox widow alleges $6 million scam,…

The Roblox widow says a former companion took $6 million…

By – Jackie Allen
America September 22, 2026
Network Traffic Challenges May be Reshaped…

Network traffic has traditionally moved in one dominant direction: from…

By – Jackie Allen
America September 21, 2026
Gilbert Goons Defendant Arrested Again for…

A Gilbert Goons defendant awaiting trial in the 2023 death…

By – Jackie Allen
America September 20, 2026
Caleb Williams Injury Ends Bears QB’s…

Some plays end with a first down. This one ended…

By – Rachel Moore

No posts found.

No posts found.

Signup for the USA Herald
exclusive Newsletter