Learn English: Former FTX Boss to Give Up Bahamas Mansion (hard)

1 year ago

Former FTX Boss to Give Up Bahamas Mansion

Ex-FTX exec Ryan Salame is handing over his expensive Bahamas house as part of a deal.

He's doing this instead of paying money because it's better for the company that he owes.

Salame's house is worth $5.9 million, but would be hard to sell quickly for that much.

Salame was involved in illegal political donations and running a money transfer business without permission.

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Source

Original: Cointelegraph

Tags

#Bankruptcy #Court #Real Estate #Sam Bankman-Fried #FTX #Regulation

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