FTX authorized to sell Sam Bankman-Fried's Bahamas penthouse
Bankrupt crypto exchange FTX has been given the go-ahead to sell its portfolio of pricey Bahamas real estate, including former chief Sam Bankman-Fried’s $40 million penthouse that once housed him and his inner circle. On Tuesday, a Delaware judge approved the sale of $222 million worth of upscale properties in the Bahamas bought by senior staff during FTX ’s heyday — partly with customer funds. Among them is Bankman-Fried’s infamous Orchid Penthouse, which served as FTX and Alameda Research’s headquarters. Bankman-Fried also notoriously gifted a $16 million apartment in the Bahamas to his parents as an attempt to appease his father, who was unhappy with a $200,000 salary at FTX. That property is now also cleared for sale. Photos of the Orchid Penthouse, via the Department of Justice. Read more: FTX -funded charity Effective Ventures agrees to return donations According to court filings, the proposals to sell the real estate are reasonable and ...