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Sam Bankman-Fried rumor mill running amok: Trading course, FBI extradition, FTX hack

Rumors and speculations surrounding former FTX CEO Sam Bankman-Fried (SBF) proceed to bombard the crypto group as the results of the FTX collapse proceeds to be felt all through the crypto area. 

One of many rumors floating round social media is that SBF filed a masterclass on buying and selling that was scheduled to drop on December. With the previous FTX CEO being the focus prior to now few weeks, some group members pointed out that they have been keen to pay $500 for leaks on footage of SBF’s class on buying and selling. 

Experiences citing nameless sources identified that American and Bahamian authorities are speaking about flying SBF to america for questioning. Regardless of the rumors, nameless sources have additionally claimed that nobody has been taken into custody but. Nonetheless, social media posts additionally claim that the Manhattan U.S. Legal professional’s Workplace is getting ready prices in opposition to the previous FTX CEO for defrauding prospects and Bahamian authorities seized FTX Digital Markets’ belongings. 

Except for these, the FTX hacker who drained $288 million price of Ether (ETH) from FTX started to swap nearly $8 million price of BNB (BNB) tokens for ETH and Binance USD (BUSD). Because the hacker moved the funds, crypto group members speculated on the id of the hacker, suggesting that it could possibly be an FTX insider or SBF himself.

Associated: The FTX contagion: Which corporations have been affected by the FTX collapse?

Because the FTX collapse continues to unfold its influence, rumors additionally carry on flying all through the web. Final week, rumors of SBF’s arrest and claims that staff are scrambling to promote the corporate’s belongings have been circulating on-line. Along with these, unconfirmed claims that staff invested and misplaced their life financial savings on the trade additionally ran wild on Twitter. 

In the meantime, a supply conversant in the matter additionally lately instructed Cointelegraph that the previous FTX CEO and FTX executives wish to flee to Dubai, United Arab Emirates (UAE). Nonetheless, this plan might not bear fruit as america and the UAE signed a treaty that works in opposition to criminals on Feb. 24, 2022.

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