The property was bought by a nonprofit run by Bankman-Fried's brother.
Shiny MLS
Take a look on the comfortable Washington crib linked to the fallen crypto bro.
Along with his Bahamas penthouse, FTX founder Sam Bankman-Fried was additionally related to this posh Capitol Hill property.
Forward of the epic downfall of his cryptocurrency change this month, the 30-year-old disgraced entrepreneur was related to the acquisition of a tony townhouse within the nation’s capital. The D.C. dwelling was purchased by his brother Gabe Bankman-Fried’s nonprofit, Guarding In opposition to Pandemics, which Sam partly funded, Realtor reported.
The April buy of the $3.289 million townhouse was meant to indicate that “S.B.F. and his community have been in D.C. to remain,” based on a piece by Puck. Shortly earlier than FTX’s epic publicity and ensuing collapse, the pandemic-preventing nonprofit reportedly hosted two back-to-back events on the deal with, one for Democratic dignitaries and the opposite for Republican hotshots, each with a vegan-heavy menu.
The four-story Victorian property is certainly prime for internet hosting. “This house is a wine fanatic’s paradise with its customized temperature-controlled wine fridge adjoining to the kitchen and formal eating room, as effectively two further miniature wine fridges together with one in the master bedroom,” an previous itemizing for the four-bedroom, four-and-a-half-bath brick constructing boasted. “A refined aesthetic all through, together with ceiling top library shelving on the third ground, evokes a sure historic allure.”
Different standout options embody an underground storage, elevator, 4 fireplaces, breakfast nook-equipped kitchen and two personal terraces.
Though a powerful abode, it pales compared to the ex-FTX CEO’s intensive Bahamas property profile. Over the course of the previous two years, Bankman-Fried and his associates acquired at the least 19 properties within the tropical commonwealth, The Publish beforehand reported. Collectively, these purchases have an estimated worth of near $121 million.
The portfolio contrasts sharply with Bankman-Fried’s claims that he's a champion of “efficient altruism,” as he wrote in an apology letter to former workers.
“I really feel deeply sorry about what occurred. I remorse what occurred to all of you,” Bankman-Fried wrote the letter, whereas sustaining that the blame for FTX’s failure lies not with him however its chapter submitting.
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