Sam Bankman-Fried, Other FTX Executives Reportedly Squander Millions On Properties In The Bahamas

A new revelation from the FTX case shows Sam Bankman-Fried, his parents, and other top executives of the failed crypto exchange purchased at least 19 properties in the Bahamas over the last two years.

Collectively, these purchases have a worth of over $121 million, according to a Reuters report of the official property records.

Among the acquired properties were seven luxury condos. Additionally, a property worth $16.4 million has SBF’s parents, Joseph Bankman and Barbara Fried, as signatories..

FTX moved its headquarters from Hong Kong to the Bahamas in Sep. 2021, which was purchased for $60 million.

As the liquidity crisis and bankruptcy scandal unraveled, Bahamian authorities had Sam Bankman-Fried and two former associates at the former exchange ‘under supervision’ in the country, where they still remain today.

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