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FTX $121M in Property Purchases Detailed
NASSAU, BAHAMAS – Sam Bankman-Fried, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in The Bahamas over the past two years.
NASSAU, BAHAMAS – Sam Bankman-Fried, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in The Bahamas over the past two years.
Official property records show FTX Property Holdings Ltd bought 15 properties worth nearly $100 million in 2021 and 2022.
Most of the purchases are luxury beachfront homes, including seven Albany condominiums, costing almost $72 million.
Records show the properties were to be used as “residence for key personnel” of the company.
Its most expensive purchase was a $30 million Albany penthouse, with documents showing it was intended as “residence for key personnel.”
Other high-end real estate purchases include three condominiums at One Cable Beach.
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