• About Us
  • Careers
  • Contact
No Result
View All Result
Tuesday, August 26, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Reports Reveal SBF, Parents, Senior Executive Purchased 19 properties Worth $121 Million

22 November 2022
in Latest News, News
Reading Time: 3 mins read
106 2
Reports Reveal SBF, Parents, Senior Executive Purchased 19 properties Worth $121 Million

image source: marketwatch.com

According to a recent Reuters report, official property records show that Sam Bankman-Fried, his parents, and senior officials of the now-defunct cryptocurrency exchange spent at least $121 million on at least 19 properties in the Bahamas over the last two years. 

FTX Property Holdings Ltd, a subsidiary of the FTX cryptocurrency exchange, is said to have spent nearly $100 million on 15 different properties in 2021 and 2022. 

The majority of FTX’s acquisitions were beachside homes, including seven condominiums in Albany’s resort district. These properties are said to be worth around $72 million. 

According to the property documents, a division of FTX purchased these homes to be used as residences for important staff members. The employees who stayed in these locations have yet to be identified. 

FTX Property also spent $4.5 million on a 5-acre plot of land that was to be converted into offices and $8.55 million on a collection of homes that would serve as FTX’s corporate headquarters. Both properties are currently vacant. 

According to the paperwork, which is dated June 15, the beach-accessible property in Old Fort Bay is used as a vacation home. The paperwork also showed that Barbara Fried and Joseph Bankman, the parents of the under-fire FTX founder, were signatories to the documents. 

A spokesperson for his parents, who are both professors at Stanford University, told Reuters that they had been trying to restore the property to FTX but did not specify how it was purchased. 

In September 2021, FTX relocated its headquarters from Hong Kong to the Bahamas, which it purchased for $60 million and broke ground on in April of this year. FTX is headquartered in Nassau, the capital of the Bahamas, but the company was founded in Antigua & Barbuda.

 

If you would like to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, and Instagram.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share63Tweet39Share11
Marian Romaine

Marian Romaine

Related Posts

Bitcoin Whale Rotation Into Ether Blamed for $45B Market Cap Wipeout
Bitcoin

Bitcoin Whale Rotation Into Ether Blamed for $45B Market Cap Wipeout

25 August 2025
source: arabnews.jp
Crypto

Japan’s Finance Minister Endorses Crypto as Part of Diversified Portfolios

25 August 2025
source: theblock.co
Bitcoin

Metaplanet Expands Bitcoin Treasury With 103 BTC Purchase, Boosting Holdings to 18,991

25 August 2025
source: boostylabs.com
Blockchain

LayerZero Clinches $110M Stargate Acquisition After Fierce Bidding War

25 August 2025

Editors Picks

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

What Are DeFi Options Vaults, and How Do They Work?

What Are DeFi Options Vaults, and How Do They Work?

byOlajumoke Oyaleke
26 June 2025
0

What Are Teardrop Attacks in Crypto?

byOlajumoke Oyaleke
17 June 2025
0

Read More

Chain of Thoughts

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Markets Update

Your Weekend Crypto Roundup | August 2025 (Week 4)

4 days ago

SUI Ecosystem: Price Prediction, Market Dynamics, and Strategic Developments

5 days ago

How Much Ethereum Do Public Companies Actually Own?

7 days ago

Your Weekend Crypto Roundup | August 2025 (Week 3)

1 week ago

Ripple vs. SEC Nears Final Countdown: Will August 15 End Crypto’s Longest Court Battle?

2 weeks ago

Cardano Price Prediction 2025–2030: Decentralized Governance, Technical Upgrades, and Investment Outlook

2 weeks ago
Read More

Events

CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

NE-YO Partners with Neura to Transform Entertainment with Emotional AI

bychainwire
25 August 2025
0

BitMine Immersion (BMNR) Reigns as the #1 ETH Treasury in the World, 2nd Largest Crypto Treasury Globally and the 20th Most Liquid US Stock, Trading $2.8 Billion per Day on Average

bychainwire
25 August 2025
0

HKGAI and FLock.io Partner to Advance Decentralised AI for Government Efficiency

bychainwire
25 August 2025
0

Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 in Presale Funding

bychainwire
23 August 2025
0

MetaWin Announces “MetaWin Create” – Free AI Tools for All MetaWinners NFT Holders

bychainwire
22 August 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00