{"id":519046,"date":"2022-11-30T19:22:51","date_gmt":"2022-11-30T16:22:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/wild-ftx-spending-included-all-expense-trips-and-free-massages\/"},"modified":"2022-11-30T19:22:51","modified_gmt":"2022-11-30T16:22:51","slug":"wild-ftx-spending-included-all-expense-trips-and-free-massages","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/wild-ftx-spending-included-all-expense-trips-and-free-massages\/","title":{"rendered":"#Wild FTX spending included all-expense trips and free massages"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dd2c9100cd\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dd2c9100cd\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/wild-ftx-spending-included-all-expense-trips-and-free-massages\/#%E2%80%9CWild_FTX_spending_included_all-expense_trips_and_free_massages%E2%80%9D\" >&#8220;Wild FTX spending included all-expense trips and free massages&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CWild_FTX_spending_included_all-expense_trips_and_free_massages%E2%80%9D\"><\/span>&#8220;Wild FTX spending included all-expense trips and free massages&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>FTX executives spent wildly and showered workers with lavish perks such as free food and massages, and Amazon deliveries by private jet in the months before the cryptocurrency site\u2019s catastrophic collapse, according to former employees.<\/p>\n<p>FTX\u2019s headquarters in the Bahamas featured daily catering \u201cin addition to the free groceries, barbershop pop-up and bi-weekly massages,\u201d a former worker told <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/7cfbb894-a332-4629-a417-4bcda27eb6e7\">the Financial Times<\/a>.<\/p>\n<p>Workers also enjoyed a \u201cfull suite of cars and gas covered for all employees [and] unlimited, full expense covered <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a>s to any office globally,\u201d the ex-employee added.<\/p>\n<p>Since Amazon does not deliver to the Bahamas, FTX reportedly chartered private planes to fly their orders from Miami to the company headquarters. FTX\u2019s US branch was given $200 per day toward DoorDash food delivery.<\/p>\n<p>Former employees expressed shock over the extent of the spending under FTX\u2019s disgraced founder, Sam Bankman-Fried, who has drawn sharp criticism in bankruptcy court for using the company as his \u201cpersonal fiefdom.\u201d<\/p>\n<p>\u201c[It was] kids leading kids,\u201d one former employee told the FT. \u201cThe entire operation was idiotically inefficient, but equally mesmerizing.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"684\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-024-1.jpg?w=1024\" alt=\"Bahamas penthouse\" class=\"wp-image-24838620\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-024-1.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-024-1.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-024-1.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Sam Bankman-Fried and his friends ran FTX from a luxury penthouse.<\/figcaption><figcaption><span class=\"credit\">Seaside Real Estate\/ Bahamas MLS<\/span><\/figcaption><\/figure>\n<p>\u00a0\u201cI had never witnessed so much money in my life. I don\u2019t think anybody had, including SBF,\u201d the employee added, using Bankman-Fried\u2019s initials.<\/p>\n<p>Bankman-Fried reportedly declined to comment on the report.<\/p>\n<p>New FTX CEO John Ray III and other stewards of the company\u2019s bankruptcy process have outlined questionable purchases and slipshod accounting practices in various court filings since the company collapsed earlier this month.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-021-1.jpg?w=1024\" alt=\"Albany\" class=\"wp-image-24838619\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-021-1.jpg?quality=75&amp;strip=all&amp;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-021-1.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-021-1.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-021-1.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>FTX executives bought several properties in the ritzy Albany resort community.<\/figcaption><figcaption><span class=\"credit\">MEGA<\/span><\/figcaption><\/figure>\n<p>One such filing revealed that Alameda Research, FTX\u2019s sister cryptocurrency trading firm, has a $55,319 unpaid tab at Margaritaville Beach Resort in the Bahamas. The resort was founded by musician Jimmy Buffett.<\/p>\n<p>FTX attorneys said Bankman-Fried and his associates used company funds to buy up $300 million in luxury real estate in the Bahamas, including several high-end properties in the exclusive Albany community.<\/p>\n<p>Bankman-Fried, his ex-lover Caroline Ellison and a group of other top executives lived and worked together from a ritzy penthouse within the resort.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-018.jpg?w=1024\" alt=\"Caroline Ellison\" class=\"wp-image-24838617\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-018.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-018.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-018.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Caroline Ellison was CEO of Alameda Research. <\/figcaption><figcaption><span class=\"credit\"><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> \/ @carolinecapital<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-020.jpg?w=1024\" alt=\"Sam Bankman-Fried\" class=\"wp-image-24838618\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-020.jpg?quality=75&amp;strip=all&amp;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-020.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-020.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-020.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Sam Bankman-Fried claims he has just $100,000 left. <\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Ray blasted Bankman-Fried\u2019s lack of corporate governance in another filing, describing the company\u2019s bookkeeping as worse than what he encountered while overseeing disgraced energy firm Enron\u2019s bankruptcy.<\/p>\n<p>FTX attorneys said company executives would often <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>rove expense requests by posting emojis on an internal Slack channel.<\/p>\n<p>One former employee who spoke to the FT said Bankman-Fried and other executives would approve major spending, such as a $135 million naming rights deal on the stadium for the NBA\u2019s Miami Heat, with little regard for return on investment.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-030.jpg?w=1024\" alt=\"Tom Brady\" class=\"wp-image-24838624\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-030.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-030.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-030.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Tom Brady starred in several ads for FTX.<\/figcaption><figcaption><span class=\"credit\">tombrady\/Twitter<\/span><\/figcaption><\/figure>\n<p>\u201cIt just kinda went crazy,\u201d the employee said. \u201cIf Sam said OK, it was good to go. Regardless of the amount.\u201d\u00a0<\/p>\n<p>FTX\u2019s spending also included major ad campaigns starring the likes of NFL legend Tom Brady \u2014 who also served as a brand ambassador \u2014 and a Super Bowl commercial featuring \u201cCurb Your Enthusiasm\u201d star Larry David. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-026-1.jpg?w=1024\" alt=\"DC townhouse\" class=\"wp-image-24838622\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-026-1.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-026-1.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-026-1.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>A nonprofit run by SBF\u2019s younger brother bought a DC townhouse worth more than $3 million.<\/figcaption><figcaption><span class=\"credit\">Bright MLS<\/span><\/figcaption><\/figure>\n<p>Bankman-Fried\u2019s family members were also linked to major purchases.<\/p>\n<p>Guarding Against Pandemics, the nonprofit run by his younger brother, Gabriel Bankman-Fried, purchased a Washington, DC, townhouse for more than $3 million in April, according to media outlet Puck. The nonprofit was partially funded by Sam Bankman-Fried.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-027-1.jpg?w=1024\" alt=\"DC townhouse\" class=\"wp-image-24838623\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-027-1.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-027-1.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-027-1.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Gabe Bankman-Fried is SBF\u2019s younger brother and head of the nonprofit.<\/figcaption><figcaption><span class=\"credit\">Bright MLS<\/span><\/figcaption><\/figure>\n<p>Meanwhile, Bankman-Fried\u2019s parents, Stanford law professors Joseph Bankman and Barbara Fried, co-signed the deed for a Bahamas beach house that was intended as a vacation home, Reuters reported. The parents said they intend to return the property following FTX\u2019s downfall.<\/p>\n<p>FTX\u2019s collapse marked a stunning downfall for Bankman-Fried, whose personal fortune was estimated to be nearly $16 billion just a few weeks ago.<\/p>\n<p>In an interview with Axios this week, Bankman-Fried claimed he is down to just $100,000 in his personal bank account. \u00a0\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/11\/30\/wild-ftx-spending-included-all-expense-trips-and-free-massages\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Wild FTX spending included all-expense trips and free massages&#8221; FTX executives spent wildly and showered workers with lavish perks such as free food and massages, and Amazon deliveries by private jet in the months before the cryptocurrency site\u2019s catastrophic collapse, according to former employees. FTX\u2019s headquarters in the Bahamas featured daily catering \u201cin addition to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":519047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/bankman-fried-comp.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[135234,89897,136427,4978,76127],"class_list":["post-519046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ftx","tag-sam-bankman-fried","tag-11-30-22","tag-bankruptcy","tag-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/519046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=519046"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/519046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/519047"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=519046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=519046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=519046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}