As the FTX-Alameda Research situation continues to drag on many are wondering how the founder and ringleader of both companies Sam Bankman-Freed or SPF still isn’t behind bars.
Even more people are wondering how it’s possible that Sam will still be speaking at a public event this coming Wednesday after all.
Sam reportedly used up to 10 billion dollars of user funds from FTX to prop up Alameda Research, this is in addition to buying properties using company money and all the other horrors that were revealed in FTX and Alameda researches bankruptcy filings.
Now despite all this alleged corruption Sam has really received next to no scrutiny from the mainstream media or the establishment.
This has effectively forced the crypto community to take matters into their own hands by going to the Bahamas to track down Sam themselves.
There has been no shortage of photos and videos circulating on Twitter which claimed to show Sam out and about and in some cases even running away from being filmed.
The most famous of these is probably the photo of Sam and his parents just hanging out on the balcony of his Bahamas apartment.
It seems that these photos and videos inspired other citizen journalists to join in on the investigation because over the last few days there have been dozens of photos taken around Sam’s property, this includes Sam’s Toyota Corolla car which he claimed to drive as part of his supposedly frugal lifestyle.
Some crypto crusaders have even gone as far as live streaming from outside Sam’s Bahamas apartment and good on them in the absence of any actual justice, it’s easy to understand how things have gotten to this point.
FTX had millions of users and some of them lost their life savings when the crypto exchange collapsed, if something is not done soon any remaining hopes that those in the crypto industry may have in the justice system will be lost.
Meanwhile Alameda Research CEO Caroline Ellison has allegedly fled from Hong Kong to Dubai.
This is peculiar given that Sam was reportedly under supervision earlier this month after he tried to flee to Dubai as well.
I’m not sure why they think this place is a safe haven, there are after all many FX creditors here.
If it’s true that Caroline has fled then it further undermines the credibility of the establishment which claims to protect retail investors from these kinds of characters.
I suspect it has something to do with FTX-Alameda, Sam and others donating millions to politicians on both sides of the aisle in the United States.
This is why many are wondering just how hard Sam will be grilled by US politicians when he testifies before them next month.
If you ask me, Sam shouldn’t be flying out to Washington, the only place he should be flown out to is a high security prison and left there for a very long time.