FTX and Sam Bankman-Fried's Parents Reportedly Bought Millions of Dollars Worth of Bahamas Property

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FTX and Sam Bankman-Fried's Parents Reportedly Bought Millions of Dollars Worth of Bahamas Property
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The embattled crypto company purchased several properties to serve as 'residence for key personnel' according to Bahamian property records.

indicates that several of the purchases from the FTX executives were luxury beachfront homes that were expected to serve as key personnel residences according to deeds obtained by the outlet.

2021 and 2022. Later on, FTX Property Holdings Ltd purchased a $30 million penthouse at the Albany as a “residence for key personnel.” Three more condominiums were also purchased in New Providence’s One Cable Beach for anywhere from $950,000 to $2 million.

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