The alleged extravagance of the FTX co-founder comes to light in documents of the bankruptcy court-
The alleged extravagance of the FTX co-founder comes to light in documents of the bankruptcy court-
after the court application, which shows that FTX co-founder Sam Bankman-Fried (SBF) would like to have access to Robinhood shares from FTX worth $ 460 million, show documents from the Delaware bankruptcy court that the FTX team spent tens of millions for accommodations, hotels and foods. In addition, the quantitative trading company of SBF allegedly owes more than $ 55,000 to Jimmy Buffett's beach resort Margaritaville after Alameda and FTX managers had occupied 20 suites for a few months.
new court files describe wasteful expenditure of the FTX co-founder and the managers
With every published court file, it seems that FTX co-founder Sam Bankman-Fried (SBF) so-called " Effective altruism " has had no top in the past nine months Priority. On January 8, 2023, Bitcoin.com News reported to the dish, he said, he Need access to the $ 460 million of Robinhood shares to "pay for his criminal defense". In addition, the former FTX CEO explained that customers are "only faced with the possibility of an economic loss".
meanwhile court files this week checks in detail that the executives of FTX and Alameda spent tens of million lavishly spent on accommodations, hotels, food and flights last year. Records show that $ 15.4 million were spent on luxury hotels and accommodation. A large part of this money was used to pay the $ 30 million luxury penthouse from SBF in the Albany Oceanside Resort. 3.6 million dollars were used to buy hotel rooms in the Grand Hyatt, a four-star hotel, and $ 800,000 were output in Rosewood, a five-star hotel.
report that the beach resort of Jimmy Buffett, Margaritad, more than $ 55,000, since the management of the resort has registered as a creditor in the bankruptcy proceedings. Employees of ftx and alameda other reports say that the co-founder was so selfless that SBF regularly spent more than $ 2,500 in Nassau Bistro for lunch before the collapse of FTX and threw millions of Bahama politicians and civil servants. Fox news that SBF also a several million dollar expensive Has 52-foot HCB yacht. On January 6, 2023, Pete Syme from Business Insider turned to SBF's lawyers to inquire about the allegedly wasteful expenses in which the FTX co-founder was said to have been involved. "The lawyers of FTX and Bankman-Fried did not immediately react to insiders please comment," wrote Syme. What do you think about the supposedly wasteful buying frenzy of the executives of SBF and FTX/Alameda? Share your opinion on this topic in the comment area below. Bedy verification : Shutterstock, Pixabay, Wikicommons 
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