Sam Bankman Fried Britain Bahamas city Albany county Worth COST Reuters FTX Sam Bankman Fried Britain Bahamas city Albany county Worth

Sam Bankman-Fried's FTX, Senior Staff, Parents Bought Bahamas Property Worth $300 Million

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The collapse of FTX has left an estimated 1 million creditors facing losses.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, official property records show.Separately, attorneys for FTX said on Tuesday that one of the company's units spent $300 million in the Bahamas buying homes and vacation properties for its senior staff, and that FTX was run as a "personal fiefdom" of Bankman-Fried.

No further details were given.Most of FTX's purchases registered in the documents seen by Reuters were luxury beachfront homes, including seven condominiums in an expensive resort community called Albany, costing almost $72 million.

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