A four-bedroom Victorian brownstone in Washington, D.C. linked to former FTX CEO Sam Bankman-Fried is up for sale for $3.3 million.
The home was bought in April for the same amount by Guarding Against Pandemics, a nonprofit group founded by Bankman-Fried’s brother, Gabe, according to news reports.
The 2017 home is located at 420 3rd St. NE and described as “an entertainer’s dream home,” It includes four gas fireplaces, an elevator, a built-in wine fridge and a wet/dry bar. The residence is about a 15-minute walk from the U.S. Capitol.
The crypto exchange FTX collapsed in November and filed for bankruptcy protection, with founder Sam Bankman-Fried facing criminal and civil charges involving wire fraud and campaign finance law violations. Bankman-Fried has said he has less than $100,000 in the bank.
FTX sister trading firm Alameda Research donated more than $12 million to the pandemic prevention nonprofit, according to CNBC.
Disclaimer: Beginning in 2021, Michael McCaffrey, the former CEO and majority owner of The Block, took a series of loans from founder and former FTX and Alameda CEO Sam Bankman-Fried. McCaffrey resigned from the company in December 2022 after failing to disclose those transactions.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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