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FTX spent $300M on Bahamas real estate, 'substantial' assets missing, lawyers say

Por: NBC News Tech November 22, 2022

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Crypto exchange FTX was run as a “personal fiefdom” of Sam Bankman-Fried, attorneys for the firm said on Tuesday, describing that one of the company’s units spent $300 million on Bahamas real estate. The collapse of FTX, once one of the world’s largest cryptocurrency exchanges, has left an estimated 1 million creditors facing losses totaling billions of dollars. In the highest-profile crypto blowup to date, FTX filed for protection in... + full article



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