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FTX’s reported $300 million investment in Bahamian real estate was the company’s bid to attract top talent from Silicon Valley to The Bahamas, former FTX CEO Sam Bankman-Fried said yesterday. Bankman-Fried, who lost his multibillion-dollar fortune last month after his company was put into liquidation and later filed for bankruptcy in the US, gave a
The attorney representing FTX US in its Chapter 11 bankruptcy case revealed in court yesterday that an FTX entity in the US bought almost $300 million in real estate in The Bahamas, mainly homes and vacation properties used by senior executives. “There were substantial amounts of money spent on things that were not related to
Bahamas-headquartered FTX, its former CEO Sam Bankman-Fried and other company associates spent more than $130 million on real estate in The Bahamas since 2020, according to documents. This is what The Nassau Guardian has been able to track so far, the number is likely higher with US court filings indicating as much as $300 million in property was