Last Updated on January 31, 2023 by Bitfinsider
For $3.3 million, a four-bedroom Victorian brownstone in Washington DC connected to Sam Bankman-Fried, the former CEO of FTX, can be purchased.
According to news sources, the house was purchased in April for the same sum by Guarding Against Pandemics, a nonprofit organization established by Bankman-Fried’s brother, Gabe.
The 2017 residence is referred to as “an entertainer’s dream home” and is situated at 420 3rd St. NE. It has a wet/dry bar, an elevator, built-in wine storage, and four gas fireplaces. The U.S. Capitol is about a 15-minute walk from the mansion.
The founder Sam Bankman-Fried was charged with wire fraud and breaking campaign finance laws when the cryptocurrency exchange FTX went under in November and sought bankruptcy protection. According to Bankman-Fried, he has less than $100,000 in cash on hand.
On another note, FTX’s sibling trading company Alameda Research gave the pandemic prevention charity more than $12 million.
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