FTX's squandering of money

FTX 's squandering of money

9 January 2023


Before declaring bankruptcy, FTX has spared no expense. 

In fact, at Bahamas, Sam Bankman Fried’s company spent over $40 million. 

More than $15 million on luxury hotels. 

In particular, $5.8 million, were spent from FTX CEO to finance his stay at the “Albany Hotel” in which he remained until the day of his arrest. 

$7 million were used to buy meals and entertainment. The offending company, spent also almost $4 million on flights. 

Bankman-Fried also gave money to the local Bahamian organizations. 

The certainty of the news derives directly from the sentences issued by the court that were made public. 

SOURCE: CoinTelegraph 


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