The momentary arrest of former FTX CEO Sam Bankman-Fried (SBF) can be attributed to efforts made by the crypto community to aid in the investigation and track down the whereabouts of the infamous entrepreneur. While SBF ultimately escaped jail time via a $250 million bail bond, the community continues to publicly monitor its every move.
Just three days after he was released on personal recognizance bond, a crypto community member allegedly witnessed the SBF “chilling” in the John F. Kennedy International Airport lounge. Supporting images shared on Twitter by @litcapital show the SBF sitting in a lounge chair with access to a laptop and mobile phone.
Based on photographs, other community members confirmed that the location of the SBF was the Greenwich (Business Class) lounge in Terminal 8 of American Airlines. According to the primary source, the SBF was accompanied by her parents, FBI agents and lawyers.
A follower of mine saw the SBF having fun at JFK airport last night and took some icon pics pic.twitter.com/0Lg6OdqZz8
— Liquidity (@litcapital) December 23, 2022
Later images show the SBF on an American Airlines flight disguised with a hat and seated next to a suited executive.
brother gary turns into v pic.twitter.com/YdX49YaXMm
— frederick.eth (@bganpunk) December 23, 2022
Images restarted discussions about SBF told Maxine Waters, chair of the United States House Financial Services Committee, said she had no access to her personal or business data, despite having access to her laptop and mobile device.
In addition, some also wondered how SBF was able to afford business-class tickets in the midst of FTX’s bankruptcy proceedings. “Great to see that customer funds are still being put to good use!” Said member of a community.
related: Judge pulls out of SBF-FTX case citing advisory link to husband’s law firm
A recent court filing revealed that defunct crypto exchange FTX made a $12 million retainer payment to Sullivan & Cromwell LLP (S&C) just before filing for Chapter 11 bankruptcy.
Beginning August 26, 2022, FTX has paid S&C approximately $3.5 million to avail of its legal services.