Posted 3/28/2024, 8:32:00 PM
FTX to Auction Off Bankman-Fried Bahamas Properties to Repay Creditors After Company's Collapse
- FTX to put $222M of Sam Bankman-Fried's Bahamas properties up for sale starting in April
- Properties include dozens of residential and commercial assets across 600 acres
- Assets include Bankman-Fried's high-end Albany penthouse with pool and bar
- Sales approved by US Bankruptcy Court to pay back FTX creditors after company collapse
- Comes after Bankman-Fried sentenced to 25 years in prison for FTX fraud totaling $11 billion
