crypto exchangeFTX owns 38 properties in the Bahamas with a book value of...

FTX owns 38 properties in the Bahamas with a book value of $222 million

According to court documents, bankrupt crypto exchange FTX’s assets included digital assets, cash, brokerage investments, venture capital portfolios, tokens and real estate, totaling $7 billion. FTX owns 38 properties in the Bahamas with a book value of $222 million.

Documents show that 50 “insiders,” including former CEOs Sam Bankman-Fried and Caroline Ellison, received $2.2 billion worth of cash, cryptocurrency, equity and real estate.

Share This Post

Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

Related Posts

OKX Appoints Linda Lacewell as Chief Legal Officer Amid Regulatory Challenges

Cryptocurrency exchange OKX has named Linda Lacewell as its...

Blockchain Association CEO Kristin Smith to Lead New Solana Policy Institute

Kristin Smith, the longtime CEO of the Blockchain Association,...

BlackRock Expands into Europe’s Cryptocurrency ETP Market with Bitcoin Strategy

BlackRock has officially entered Europe's cryptocurrency exchange-traded product (ETP)...

Dogecoin Price Surges Following Launch of Official Dogecoin Reserve

Dogecoin's price surged by more than 5% following the...

BlackRock Launches iShares Bitcoin ETP in Europe with Competitive Fee Structure

BlackRock is set to launch its iShares Bitcoin Exchange-Traded...

FOMC Rate Review Poised to Stir Crypto Market Volatility

The Federal Open Market Committee (FOMC) is set to...