Sam Bankman-Fried Argentina News: Following the potential exploit on crypto exchange FTX, outgoing CEO is reportedly flying to Argentina. Although the news of SBF’s travel to the South American country is not officially confirmed so far, reports suggested the same. Earlier, it was reported that the FTX and FTX US wallets were subject to an exploit involving token transfer of around $600 million. It is also suspected that some of the FTX employees are behind the hack.
The news of $600 million hack comes hours after FTX’s announcement of deciding to go for voluntary chapter 11 bankruptcy. Also, Sam Bankman-Fried has resigned from the role of FTX chief executive officer.