FTX Founder Reportedly Went on a Luxury Beachfront Shopping Spree Sam Bankman-Fried bought at least 19 properties worth $121 million, Reuters reports. By Orbit Brain November 23, 2022 0 325 views Sam Bankman-Fried, who based and led cryptocurrency change FTX earlier than its catastrophic meltdown, reportedly spent the final two years buying not less than 19 properties for his senior employees and his dad and mom value $121 million, in accordance with Reuters. On prime of that, one unit of the corporate spent $300 million on properties and rental properties, in accordance with Reuters. One particular resort neighborhood among the many purchases was Albany — the identical resort the place Tiger Woods hosts golf tournaments yearly. It was supposed for key personnel. FTX collapsed over the previous few weeks attributable to a scarcity of liquidity and the revelation that it was largely a home of playing cards set to break down. The change had been poised for a bailout by rival Binance, which had initially agreed to purchase the corporate earlier than altering its thoughts. FTX filed for Chapter 11 chapter safety on Nov. 11. Bankman-Fried’s dad and mom are additionally named the house owners of a $16.four million residence. FTX did not reply to a request to remark. Orbit Brainhttp://orbitbrain.com/ Orbit Brain is the senior science writer and technology expert. Our aim provides the best information about technology and web development designing SEO graphics designing video animation tutorials and how to use software easy ways and much more. Like Best Service Latest Technology, Information Technology, Personal Tech Blogs, Technology Blog Topics, Technology Blogs For Students, Futurism Blog.
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