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FTX CEO's Parents Bought $121M Worth Of Properties

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SBF chief of FTX, his parents, and top crypto executives have reportedly purchased 19 properties in the Bahamas worth $121 million over the past two years.

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According to reports, the properties include luxury beachfront houses, seven condominiums in Albany, an exclusive resort community, and almost US $72 million.

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According to Reuters, FTX Property Holdings Ltd (an FTX unit) bought 15 properties for nearly US $100 Million in 2021-2022.

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The report stated that the annual Albany penthouse, which Tiger Woods hosts at the resort, was the most expensive purchase.

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SBF said that he lived with nine colleagues in a house and that his company FTX provided meals free of charge and an Uber-like service on the island.

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FTX filed Chapter 11 bankruptcy in the US on November 11th, seeking protection from the courts as it seeks to return funds to its users.

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FTX's collapse left over 1 million customers and other investors with losses totaling billions of dollars.

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