Rumors continue to fly surrounding Sam Bankman-Fried and the fall of FTX

The crypto assemblage continues to beryllium bombarded with rumors and conspiracy entering into the 5th time of FTX's fall.

From reports that Sam Bankman-Fried (SBF) was arrested connected the tarmac astatine the Bahamas airdrome to rumors that employees of the speech are trying to merchantability the company’s assets, it has been precise hard for the assemblage to abstracted information from fiction.

PAULY.SOL, the laminitis of the nonfungible token (NFT) task Not Larva Labs was 1 of the archetypal to spur rumors of SBF’s arrest. The NFT laminitis retweeted a station of a Flightradar24 representation that reported a backstage pitchy to person been grounded for astir 40-minutes portion connected the mode to Miami from Nassau — the superior of Bahamas wherever FTX is headquartered.

this backstage pitchy has been grounded for 40 mins connected way to Miami https://t.co/L3e4wFFiCs pic.twitter.com/4yAli4yojh

— (@ethstash) November 10, 2022

Many assemblage members replied to the thread with pictures of SBF edited into constabulary arrests, highlighting the anticipation of the backstage pitchy transporting the FTX CEO. Despite this, determination has been nary confirmation that this is so SBF. 

Meanwhile, a report citing anonymous sources mentioned that employees of the collapsing speech are moving to effort and merchantability the company's assets portion their CEO is away. The assets reportedly see the stock-clearing level Embed and naming rights to the FTX arena successful Miami.

Apart from these, a station connected societal media claimed that galore FTX employees person invested their beingness savings successful the institution due to the fact that of their assurance successful SBF. However, the employees present fearfulness that their funds person been sent to Alameda Research. In addition, a report citing anonymous sources has besides claimed that SBF has been selling equity astatine a 50% discount to the exchange’s employees backmost successful the spring.

While the rumors proceed to spur panic wrong the crypto market, a batch of the accusation coming retired of societal media and assorted reports are unconfirmed accusation from anonymous sources.

Related: FTX situation feeds the Twitter rumor mill with blistery takes and conspiracy theories

Meanwhile, an authoritative media merchandise from the Securities Commission of The Bahamas (SCB) highlighted that the authorities bureau has frozen the assets of FTX. According to the SCB, it volition sphere the company’s assets and stabilize the institution by putting it into provisional liquidation, a mechanics enactment into enactment successful lawsuit of firm insolvency.

Additional reporting by Brayden Lindrea