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.
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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.
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