It’s Revealed What SBF Is Doing With Its Clients Bitcoins!

After the liquidity crisis, FTX announced its bankruptcy in the past weeks and applied to the court for bankruptcy.

FTX already has large amounts of debt. Because it owes 3.1 billion dollars even to its first 50 creditors.

But he only has $1.24 billion in cash in his safe.

While the variegated are waiting to get their money from FTX as soon as possible, Reuters wrote that Sam Bankman, ex-CEO of FTX, has bought several properties in the Bahamas that Fried, his family and former colleagues.

Reuters reported that, according to official real estate records, SBF, his family, and top executives of failed cryptocurrency exchange FTX have purchased at least 19 properties in the Bahamas valued at approximately $121 million in the past two years.

It is stated that the majority of the purchased properties are used as residences and holiday homes for key personnel.

The most expensive of the properties purchased was a $30 million penthouse in a resort town called Albany, the report said.

Other high-end property purchases include three apartments in One Cable Beach and range in value from $950,000 to $2 million.

These properties turned out to be owned by SBF, Gary Wang, an FTX co-founder, and Nishad Singh, FTX’s former head of engineering.

Although Reuters said it could not identify who lived in the apartments owned by FTX and his family, SBF recently announced that he stayed in one of these houses with nine of his friends.

FTX spokespersons told Reuters that SBF is trying to return properties in their parents’ names to FTX.Since the bankruptcy case, Mr. and Mrs. Bankman want to return the title to the company and are awaiting further instructions.” said.

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