The temporary arrest of former FTX CEO Sam Bankman-Fried (SBF) can be attributed to the efforts of the crypto community to aid investigations and track down the whereabouts of the notorious entrepreneur. While SBF eventually escaped prison time via $250 million bail, society continues to publicly monitor his every move.
Just three days after being released on a personal recognizance bond, a crypto community member allegedly spotted SBF “chilling” in a John F. Kennedy International Airport lounge. The supporting images were shared on Twitter by @litcapital, showing SBF sitting on an armchair with access to a laptop and mobile phone.
Based on the photos, other community members confirmed that SBF’s location was the Greenwich (Business Class) lounge in American Airlines’ Terminal 8. According to the primary source, SBF was accompanied by his parents, FBI agents and lawyers.
One of my followers saw SBF chilling at JFK airport last night and took some iconic photos pic.twitter.com/0Lg6OdqZz8
— litquidity (@litcapital) 23 December 2022
Subsequent photos showed SBF on an American Airlines flight disguised with a hat and seated next to a suited executive.
brother became gary vee pic.twitter.com/YdX49YaXMm
— frederik.eth (@bganpunk) 23 December 2022
The images resumed discussions about how SBF told Maxine Waters, chair of the United States House Financial Services Committee, that he did not have access to his personal or professional data despite having access to his laptop and mobile device.
In addition, some also wondered how SBF could afford the business class tickets during FTX’s bankruptcy proceedings. “Great to see that customer funds are still being put to good use!” so a community member.
Related: Judge recuses himself from SBF-FTX case citing husband’s law firm’s advisory link
A recent filing revealed that defunct crypto exchange FTX paid a $12 million retainer to Sullivan & Cromwell LLP (S&C) just before filing for Chapter 11 bankruptcy.
Since August 26, 2022, FTX has made nearly $3.5 million worth of payments to S&C to engage their legal services.