Sam Bankman-Fried, the co-founder and former CEO of bankrupt crypto trade FTX, stated Saturday he is within the Bahamas, Reuters reported. In a textual content message despatched to the information outlet, Bankman-Fried denied hypothesis he had flown to South America after being faraway from his place on the trade.

The textual content message got here a day after the beleaguered cryptocurrency platform filed for chapter safety and Bankman-Fried resigned as CEO on Friday, after the steadiness of its enterprise was questioned. The trade had been one of many greatest gamers within the cryptocurrency realm, The Wall Avenue Journal famous, however its meltdown has raised doubts about cryptocurrency and has left clients questioning if they will ever get their a refund.

Since then, FTX has investigating a attainable hack involving a whole bunch of hundreds of thousands of {dollars} in cryptocurrency funds, which appear to have gone lacking from its accounts. The corporate’s common counsel tweeted out an announcement Saturday that stated “unauthorized entry to sure belongings has occurred” and that FTX had contacted regulation enforcement.

A day earlier than resigning, Bankman-Fried posted a Twitter thread on Thursday apologizing a number of occasions for the present state of his firm and saying he’ll increase liquidity. 

Neither Bankman-Fried nor FTX instantly responded to requests for remark.

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