At crypto exchange firm FTX’s first bankruptcy hearing, it was revealed that over US$300 million was spent on purchasing residences and vacation facilities for CEO Sam Bankman-Fried, his parents, and senior officials of the firm.
According to official property records, at least 19 homes were bought in the Bahamas for a combined total of around $121 million, during the last two years. Additionally opulent beachfront houses, including seven condominiums in Albany, a pricey resort neighbourhood, cost about US$72 million.
