Bankman-Fried's Parents Bought Home in the Bahamas worth $121 million

- Advertisement -

Sam Bankman-Fried's parents and his former colleagues bought several properties in the Bahamas.

Sam Bankman-Fried's parents and senior executives bought at least 19 properties worth about 121 million dollars in the Bahamas for the past two years.

- Advertisement -

About 15 of these properties, worth about $100 million, are made by FTX Property Holdings in 2021 and 2022.

The most expensive asset is a penthouse worth 30 million dollars at a resort called Albany.

According to reports, the paperwork was signed by Ryan Salame, president of FTX Property on March 17 and is intended to be “where key employees live.”

Last week, Bankman-Fried talk to Reuters that he lives in a house with 9 other co-workers, FTX provides free meals and services throughout the island.

Other luxury property purchases include three condos at One Cable Beach, priced between $950.000 and $2 million, purchased by Bankman-Fried, Gary Wang, and Nishad Singh, the company's former chief technical officer. FTX.

Another property is located at Old Fort Bay, a former British colonial fortress built in the 1700s, its documents show Bankman-Fried's parents, Joseph Bankman and Barbara Fried, as signatories. land papers.

An FTX spokesperson said that Sam's parents attempted to return the property to FTX.

"Since before the bankruptcy proceedings, Mr. Bankman and Ms. Fried have sought to return the papers to the company and are awaiting further instructions." spokesman said.

See more:

Rate this post
- Advertisement -


Please enter your comment
Please enter your name here

This website uses Akismet to limit spam. Find out how your comments are approved.

Maybe you are interested

Alameda withdraws $204 million from FTX US a few days before the exchange crash

Alameda Research reportedly withdrew the most funds from FTX US, days before the crypto exchange filed...

FTX faces criminal and civil investigation in Bahamas

The Minister of Justice revealed that there is an ongoing criminal and civil investigation into FTX.General...

Binance has 582,485 bitcoins in reserve

Binance launched proof-of-reserves system, before the crash of FTX.Binance launched proof-of-reserves, starting with bitcoin, to prove...

Cryptocurrency exchange Bitget recruiting 400 new employees to expand into Africa

Bitget is growing where other competitors are dying. The exchange is increasing its staff by 50% to...

Binance CEO believes the market will recover in 2023

After a tumultuous 2022, Binance CEO Changpeng Zhao (CZ) believes that the crypto market in 2023 will be very...

Related posts

- Advertisement -