Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be used by the company’s senior executives, quoted documents have revealed.
Bankman-Fried’s Parents Trying to Return Vacation Home to FTX
FTX, the parents of its founder and CEO Sam Bankman-Fried (SBF), and top executives of the insolvent cryptocurrency exchange have bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, Reuters reported, citing property records.
Among the purchases were luxury beachfront homes, including seven condominiums in an expensive resort community called Albany, costing almost $72 million, the news agency detailed. These were acquired by an FTX unit and were to be used as “residence for key personnel,” the documents indicate.
The deeds for another property with beach access, located in an Old Fort Bay gated community, show Bankman-F
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