Disgraced Crypto Mogul Puts $40 Million Bahamas Penthouse on Market

  • 📰 thedailybeast
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Sam Bankman-Fried has placed his Bahamas penthouse on the market, reported Semafor. The asking price for the 12,000-square-foot residence is reportedly $40M—pennies compared to the billions that the alleged wunderkind lost during his company’s meltdown.

FTX founder and ousted CEO Sam Bankman-Fried has placed his Bahamas penthouse on the market, reported Semafor, a day after he told Reuters that he was in the island nation. The 12,000-square-foot, five-bedroom residence is reportedly asking for about $40 million—pennies compared to the billions that the alleged wunderkind lost during his company’s meltdown.

On Friday, FTX filed for bankruptcy amid reports that its staff had lost somewhere between $1 to $2 billion in client funds, and that another $10 billion was quietly shipped to Bankman-Fried’s other crypto business, Alameda Research. Bankman-Fried is reportedly looking to liquidate his holdings, which include a 20 percent discount on his $472 million stake in the digital currency broker Robinhood.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🤣🤣

FTX: Congratulations your Blood Money to Dollars conversion has been completed. SBF: yolo!

Mark my words, this guy is going to be sued to high heaven and I would deem it more likely than not successfully prosecuted. Crypto is Crapto at this point, but he was a constructive trustee likely of investment funds, with duties to account for and communicate material facts.

He may have lost billions but I guarantee you that he stole and hid plenty for himself. JFC he is living in the Bahamas, one of the premier spots in the world to hide money.

He owes people billions and I'll bet he still thinks that's his money so he can pay for his defense.

Um, he drives a Toyota Corolla! He probably wanted to give this house away soon anyways to help make cows vegan or some other noble cause

Maybe he really is moving back in with his parents lizzieohreally ...

Lol turns out random serial numbers aren't actually worth anything.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 307. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX founder Sam Bankman-Fried in the Bahamas as customers’ billions go missing in company collapseFTX underwent a $16 billion implosion amid reports that co-founder Sam Bankman-Fried had been funneling money to a sister trading company. He’s been caught Who’s his mommy? He started out in the Bahamas already - if that’s not a red flag in itself - and since fled to Argentina or Brazil.
Source: nypost - 🏆 91. / 67 Read more »