FTX Co-Founder's Alleged Extravagance Comes to Light in Bankruptcy Court Documents – Bitcoin News

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FTX Co-Founder's Alleged Extravagance Comes to Light in Bankruptcy Court Documents – Bitcoin News
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Delaware bankruptcy court documents show tens of millions were spent by the FTX team in 2022 on hotels, food, and flights.

on SBF telling the court he needed access to the $460 million in Robinhood shares to “pay for his criminal defense.” Furthermore, the former FTX CEO explained that customers “face only the possibility of economic loss.”

SBF and his inner circle lived in a $30 million penthouse at the 600-acre Albany beachside luxury resort in The Bahamas. The 12,000-square-foot penthouse reportedly went on the market for sale in mid-Nov. 2022.this week detail that FTX’s and Alameda’s executives spent tens of millions lavishly on residential accommodations, hotels, food, and flights last year. Records show that $15.4 million was spent on luxury hotels and accommodations.

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