As per Reuters, Sam Bankman-Fried's FTX, his parents, and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years.
In 2021 and 2022, FTX Property Holdings Ltd., a division of FTX, acquired 15 properties for close to $100 million.
Most of FTX's purchases were luxury beachfront homes, including seven condominiums in an expensive resort community called Albany, costing almost $72 million.
The deeds show these properties, bought by a unit of FTX, were to be used as "residences for key personnel" of the company.
Another property in Old Fort Bay, with access to the beach, has SBF’s parents as signatories.