FTX burned through $40M on food, flights, and lodgings in only 9 months: Court filings
FTX didn’t keep down on organization costs in the Bahamas, as per court records. FTX’s Bahamian organization burned through a stunning measure of cash on lavish inns and convenience.
More than $15 million went on lavish lodgings and convenience, with $5.8 million of that at one retreat — the Albany Inn. This extravagant resort is where Sam Bankman-Broiled resided in his $30 million penthouse until his capture.