SBF Didn’t Believe He Would Be Detained Hours Before Arrest
- Bahamian authorities have arrested Sam Bankman-Fried, founder of FTX, on Monday
- SBF had just hours before stated that he believed he would not be detained on American shores.
- He made these comments while explaining his plans to call-in on Tuesday to testify before Congress.
A multitasking Sam Bankman-Fried — who was playing a video game and responding to questions during an interview — said he didn’t think he would be detained if he returned to the US, mere hours before he was arrested in the Bahamas.
“I don’t think I would be, but that’s something I haven’t done deep into. Bankman-Fried spoke Monday on Twitter Spaces with options flow platform. “That’s something that I have to think harder about,” Bankman Fried said. Unusual Whales, per a transcript.
Unusual Whales has called Bankman-Fried’s interview “the last thing he did as a free man.”
Bankman-Fried was responding to a question about potential detainment if he entered the US — as he was scheduled to testify before Congress on Tuesday.According to the transcript, the former CEO of FTX had stated that he would not be there in person as he was “quite busy,” according to the transcript.
He also stated that he found it difficult to “move right now and travel, because the paparazzi influence is quite large.”
—unusual_whales (@unusual_whales) December 12, 2022
During the interview — and amid a constant clicking sound in the background — Bankman-Fried was asked if he was playing video games, to which he responded: “Yes I am.”
Although he was not arrested in the Bahamas Bankman-Fried may be extradited to the US, experts told Insider’s Sindhu Sundar and Katherine Tangalakis-LippertTuesday
The US Securities and Exchange CommissionAfter Bankman-Fried was arrested, he or the SEC said that he was a member of the SEC. it will file chargesHe was charged with violations of securities law and he was arraigned on Tuesday.
Rep. Maxine Waters, who chairs the US House Financial Services Committee, said in a statementShe was “surprised” by Bankman-Fried’s arrest, as it means that he wouldn’t be testifying as planned.
Waters stated that Mr. Bankman Fried must be held responsible, but the American public should hear directly from Mr. Bankman Fried about the actions which have harmed more than one million people and wiped out the hard-earned savings of so many.
Bankman-Fried resigned on November 11, the day that FTX was launched. filed for Chapter 11 bankruptcy, as it failed to secure a rescue following an intense week-long liquidity squeeze.
The curly-haired 30-year old has been on a media tour of apologies since FTX’s fall, but was told that he had the right to apologize. New York TimesHe said in November that he did not believe he was legally responsible.
The SEC did in fact not respond to Insider’s request outside of regular business hours.
Insider was unable to reach Bankman-Fried’s representatives right away for comment. However, a representative was available declined comment to the New York TimesUpon his arrest.
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