Crypto Influencers Flock to Bahamas to Find Sam Bankman-Fried

Crypto Twitter takes the FTX investigation into their own hands.

bahamas ben armstrong bahamas beach ocean sam bankman fried underwater

Weeks after the collapse of FTX, crypto influencers are converging on the Bahamas in search of answers from the exchange’s former CEO, Sam Bankman-Fried.

One of them is Ben Armstrong, the owner of the popular Bitboy Crypto YouTube channel. Armstrong arrived in the Bahamas on Saturday, seeking out Bankman-Fried at his luxury penthouse.

The disgraced FTX CEO is still reportedly in his $40 million property, which he has rarely left since the FTX bankruptcy. 

FTX’s collapse, fraught with allegations of fraud and mismanagement, has cost users billions of dollars. That’s what prompted crypto influencers like Armstrong to seek answers.

After looking around the property, Armstrong apparently found Bankman-Fried’s car, potentially highlighting Bankman-Fried’s alleged drug use.

Armstrong also tried to reach out to Bankman-Fried via Twitter. Apparently, Bankman-Fried read some of the messages but chose not to respond.

Afterward, Armstrong was escorted away from the property. However, he said he would not relent until he got some answers from Sam Bankman-Fried himself.

‘Crypto Twitter Doing a Better Job Than SEC’

The Sam Bankman-Fried “manhunt” has gotten a great deal of social media attention. Crypto Twitter, including influencers in the Bahamas, is having fun with the whole situation.

Many social media users have pointed out that crypto influencers are apparently doing more to investigate the FTX collapse than financial regulators.

Bitboy Crypto is doing a better job than Gary Gensler. The SEC should be ashamed," one Twitter user wrote.

Others have commended the influencers for bringing attention to the FTX collapse. Guy Turner, the owner of the popular Coin Bureau YouTube channel, pointed out that crypto influencers might have prompted the Bahamian Attorney General to reveal some details about their investigation into FTX.

The Bahamian authorities decided to address the FTX situation only when they realized half of CT (crypto Twitter) was heading to the island. Now that's a job well done lads," Turner wrote.

On the Flipside

  • Before the collapse, Ben Armstrong promoted FTX to his audience, which he now regrets and has apologized for.

Why You Should Care

Sam Bankman-Fried caused one of the largest crashes in the crypto space and should be held accountable.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
David Marsanic

David Marsanic is a journalist for DailyCoin who covers the intersection of crypto, traditional finance, and government. He focuses on institutionalized crypto entities like major cryptocurrency exchanges and Solana, breaking down complex topics into easy-to-understand writing. David's prior experience as a business journalist at various crypto and traditional news sites has enabled him to maintain a critical approach to news while adhering to high journalistic integrity standards.