FTX invested $300 million in Bahamas property as “personal fiefdom”
Sam Bankman-Fried ran the troubled cryptocurrency exchange FTX as a “personal fiefdom,” according to the firm’s attorneys, who claimed that one of the company’s divisions expended $300 million on Bahamas property investment.An estimate 1 million creditors are now facing damages totalling billions of dollars as a result of the failure of FTX, long one of […]