Rumors continue to fly around Sam Bankman-Fried and FTX's downfall

A rumor suggesting that FTX CEO Sam Bankman-Fried has been arrested is circulating on social media.

The crypto community continues to be bombarded with rumors and conspiracy entering day five of FTX's downfall.

From reports that Sam Bankman-Fried (SBF) was arrested on the tarmac of the Bahamas airport to rumors that stock exchange employees are trying to sell the company's assets, it has been very difficult for the community to separate fact from fiction.

PAULY.SOL, the founder of the non-fungible token (NFT) project Not Larva Labs was one of the first to fuel the SBF arrest rumors. The NFT founder retweeted a post from a Flightradar24 map which reported that a private jet was grounded for approximately 40 minutes en route to Miami from Nassau, the capital of the Bahamas where FTX is headquartered.

this private jet has been grounded for 40 minutes en route to Miami https://t.co/L3e4wFFiCs pic.twitter.com/4yAli4yojh

Many community members responded to the thread with photos of SBF edited into police arrests, highlighting the possibility that the private jet was carrying the FTX CEO. Despite this, there has been no confirmation that it is indeed SBF.

Meanwhile, a report citing unnamed sources mentioned that employees of the collapsing stock exchange are working to sell the company's assets while their CEO is away. Assets reportedly include stock clearing platform Embed and naming rights to the FTX Arena in Miami.

Apart from these, a social media post