Reuters reveals Bankman-Fried’s FTX, senior staff, parents bought Bahamas property worth $300 mln

by DailyBriefers

Business & Finance

Reuters exclusively reported that Sam Bankman-Fried’s FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years. Records showed most of FTX’s purchases were luxury beachfront homes, including seven condominiums in an expensive resort community costing almost $72 million that were to be used as “residence for key personnel” of the company.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Real Estate

Regions: Americas

Countries: Bahamas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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