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SBF did not think he would be detained, hours before his arrest

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  • Bahamian authorities arrested FTX founder Sam Bankman-Fried on Monday.
  • Hours earlier, SBF had said in an interview that he did not believe he would be detained on US shores.
  • He made the comments while explaining why he planned to call to testify before Congress on Tuesday.

A multitasking Sam Bankman-Fried – who played a video game and answered questions during an interview – said he didn’t think he would be detained if he returned to the United States, just hours before his arrest in the Bahamas.

“I don’t think I would be, but I haven’t delved into that. It’s something I need to think about more,” Bankman-Fried said in a Monday interview on Twitter Spaces with the streaming platform. Unusual Whales options, by a transcript.

Unusual Whales called Bankman-Fried’s interview “the last thing he did as a free man.”

Bankman-Fried was responding to a question about potential detention if he entered the United States – as he was due to testify before Congress on Tuesday. The former FTX CEO said he wasn’t going to be there in person because he was “pretty overbooked,” according to the transcript.

He also said that it was difficult for him “to move around at the moment and to travel because the paparazzi effect is quite significant”.

During the interview – and amidst constant clicking in the background – Bankman-Fried was asked if he plays video games, to which he replied, “Yes, I am. “

He said he was playing “Storybook Brawl,” a game acquired by FTX in March 2022. Bankman-Fried told The New York Times in November that the game blew his mind.

Although he was arrested in the Bahamas, Bankman-Fried could face extradition to the United States, experts said. Sindhu Sundar and Katherine Tangalakis-Lippert insider Tuesday.

The U.S. Securities and Exchange Commission, or SEC, said after Bankman-Fried’s arrest he will file a complaint against him on Tuesday, alleging violations of securities law.

Rep. Maxine Waters, who chairs the U.S. House Financial Services Committee, said in a statement that she was “surprised” by Bankman-Fried’s arrest because it means he would not testify. as expected.

“While Mr. Bankman-Fried should be held accountable, the American public deserves to hear directly from Mr. Bankman-Fried about the actions that injured more than a million people and wiped out the hard-earned savings of so many, “said Waters.

Bankman-Fried resigned as CEO of FTX on Nov. 11, the same day the exchange filed for Chapter 11 bankruptcy, after it failed to secure a bailout after an intense liquidity shortage in ‘one week.

The 30-year-old curly-haired man has been on a media apology tour since the collapse of FTX, but told The New York Times in late November that he did not believe he was legally responsible.

The SEC did not immediately respond to Insider’s request for comment sent outside of normal business hours.

Insider was unable to immediately contact representatives for Bankman-Fried for comment, but one representative declined to comment to The New York Times during his arrest.



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