Sam Bankman-Fried, the former Chief Executive Officer (CEO) of now-bankrupt FTX has put up his house in Washington, D.C. for sale.
According to the New York Post, the five-bedroom luxury house has hit the market for $3.28 million. This news comes after the government seized over $700 million worth of assets from the embattled billionaire.
This Washington, D.C. property, which is a four-story Victorian brownstone with a dimension of about 4,100 square feet, was listed alongside numerous properties owned by SBF. It was acquired in April 2022 under Guarding Against Pandemics, a non-profit organization run by the crypto boss and his brother Gabe Bankman-Fried.
The house spews luxury with features like 10-foot ceilings, an elevator that runs through the entire house, and a recently upgraded large chef’s kitchen that comes with a walk-in pantry. It also has a dining room with built-in shelves, cabinets, and a custom temperature-controlled wine fridge. In the primary bedroom on the main floor, there are double walk-in closets, a personal washer and dryer, and a gas fireplace.
As per a statement in the listing, “This home is your golden goose for a treasure they say money can’t buy: more time, thanks to the low-travel commute to concentrations of employment.”
SBF Has Houses in Several Regions
At the same time, there seem to be several other properties in other regions connected to Bankman-Fried.
From an investigation carried out in the heat of the FTX implosion in November, it was discovered that his parents and some C-suite executives of FTX purchased about 19 properties in the Bahamas and other regions worth $1121 million in the space of two years.
One such property is a penthouse in a resort in Albany, New York, which cost $30 million. This is about the most expensive piece of real estate ever sold.
The deed for this house was signed on 17th March 2022 by FTX Property president Ryan Salame. Under the FTX Property, there are two commercial units including an $8.55 million cluster of residences that are used as FTX’s headquarters and a $4.5 million plot of land which was meant to be turned into office space.