FTX co-founder Sam Bankman-Fried (SBF ) is seeking access to FTX’s $460 million Robinhood stake, and Delaware bankruptcy court documents show the FTX team will spend tens of millions of dollars on accommodations, hotels, meals and flights in 2022. shown to have been spent. In addition, SBF’s quantitative trading firm said he owed more than $55,000 to Jimmy Buffett’s beach resort, Margaritaville, after Alameda and his FTX executives occupied 20 suites over the last few months. It is said that there are
New court filings detail extravagant spending by FTX co-founders and management
See all public court filings As you can see, FTX co-founder Sam Bankman-Fried (SBF) has so-called “effective altruism” not been a top priority in the last nine months. . On January 8, 2023, Bitcoin.com News reported that SBF told the court it needed access to his $460 million in Robinhood shares to “pay for his criminal defense.” rice field. Additionally, the former FTX CEO explained that customers “are only facing the potential for financial loss.”
Meanwhile, court filings showthis week that FTX and Alameda executives spent tens of millions of dollars on accommodations, hotels, meals, and flights last year. Details were confirmed that they spent generously. Records show he spent $15.4 million on luxury hotels and accommodations. Much of that money went toward paying for his $30 million luxury penthouse at his SBF at his Oceanside resort in Albany. He spent $3.6 million at the four-star hotel Grand He Hyatt, and $800,000 at the five-star hotel Rosewood.
Report Jimmy Buffett’s beach his resort, Margaritaville, owes more than $55,000 because the resort’s owner is listed as a creditor in a bankruptcy case. owes A reported FTX and Alameda employee, , stayed in a 20-room suite for several months last year, racking up bills but never paying for a stay in Margaritaville. bottom. In addition to hotels, luxury suites and luxury apartments, $3.9 million was spent on flights and commercial aircraft. When an FTX employee needed to pick up her Amazon package from Miami, she was allegedly using a private plane to ship the box to the island.
According to other reports, the co-founders were so altruistic that SBF regularly spent over $2,500 on lunch at a Nassau bistro, leading to the collapse of FTX. I’ve spent millions of dollars on Bahamian politicians and officials before. Fox News revealedthat SBF also owns his multi-million dollar 52-foot HCB yacht. On Jan. 6, 2023, Business Insider’s Pete Syme reached out to his SBF lawyers to ask about the ostensibly extravagant spending that the FTX co-founder allegedly participated in. soliciting comments,” he wrote Syme.
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