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. 

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