• FTX executives spent $256 million on Bahamas real estate
    Real Estate News

    FTX executives spent $256 million on Bahamas real estate

    The Bahamas has extra than 700 islands and cays distant staff and pupils can stay on 16 of them, which includes Eleuthera (shown below). Sylvain Sonnet | The Impression Financial institution | Getty Photographs Bahamian legal professionals say FTX executives Sam Bankman-Fried and Ryan Salame used $256.3 million to purchase and sustain 35 distinctive homes across New Providence, Bahamas. Now, Bahamas regulators are making an attempt to claw again the assets from FTX’s U.S. individual bankruptcy security proceedings, telling a Delaware federal decide that allowing for the qualities to be administered in U.S. courts would be each administratively ineffective and illegal less than Bahamas law. It is the very first…

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