FTX authorized to sell Sam Bankman-Fried’s Bahamas penthouse
Bankrupt crypto exchange FTX has been cleared to sell $222 million of real estate in the Bahamas bought by senior staff during its heyday.
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Bankrupt crypto exchange FTX has been cleared to sell $222 million of real estate in the Bahamas bought by senior staff during its heyday.
Read more (2 min) →Bankrupt FTX wants to sell 35 properties in the Bahamas, including the penthouse that housed Sam Bankman-Fried and his inner circle.
Politicians in the Bahamas are concerned that the collapse of FTX could damage the country's reputation as a finance and crypto hub.
Sam Bankman-Fried says he's gearing up for some kind of "restart" but the troubled former billionaire may have to look beyond crypto.
The Bahamas’ Security Commission froze FTX International's assets yesterday while insisting that Bahamian accounts be able to withdraw funds.