NOT FOR REPRINT
Bankman-Fried's $30M Bahamas Penthouse Is Hitting the Market
By
Janet Levaux
Analysis May 23, 2024 at 02:13 PM
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What You Need To Know
- Unlike FTX's massive crypto bet, which has roared back in a huge stroke of market luck, its real estate play may struggle to break even.
- In the run-up to the firm's collapse, former FTX CEO Ryan Salame and other lieutenants spent $255 million on 52 condos, offices and plots of land on New Providence Island.
- Everyone at FTX seemed to want a piece of a gated area for the super rich with residents-only pools, racquetball courts and private restaurants.
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