Sam Bankman-Fried, FTX Boss Trying To Flee To Dubai

in hive-172186 •  2 years ago 

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Reports have surfaced that the FTX boss who under his watch had billions of dollars misused which led to the breakdown of the exchange is trying to flee to Dubai but currently halted in Bahamas by local authorities.

Sam Bankman-Fried has been held under supervision with other top executives of the exchange trying to flee along side him.

The effects of the collapse of FTX has resulted to a brutal bear market that has not been seen in 2 years. Below is the news source in case you want get the whole details:

https://www.forbes.com/sites/billybambrough/2022/11/13/stay-away-binance-ceo-issues-serious-warning-over-another-crypto-exchange-after-ftx-collapse-crashed-the-price-of-bitcoin-and-ethereum/?sh=5f492c9a793a

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