Have a look at the cushy Washington crib linked to the fallen crypto bro.
In addition to his Bahamas penthouse, FTX founder Sam Bankman-Fried was also associated with this posh Capitol Hill property.
Ahead of the epic downfall of his cryptocurrency exchange this month, the 30-year-old disgraced entrepreneur was associated with the purchase of a tony townhouse in the nation’s capital. The D.C. dwelling was bought by his brother Gabe Bankman-Fried’s nonprofit, Guarding Against Pandemics, which Sam partly funded, Realtor reported.
The April purchase of the $3.289 million townhouse was meant to show that “S.B.F. and his network were in D.C. to stay,” according to a piece by Puck. Shortly before FTX’s epic exposure and resulting collapse, the pandemic-preventing nonprofit reportedly hosted two back-to-back parties at the address, one for Democratic dignitaries and the other for Republican hotshots, both with a vegan-heavy menu.
The four-story Victorian property is indeed prime for hosting. “This home is a wine enthusiast’s paradise with its custom temperature-controlled wine fridge adjacent to the kitchen and formal dining room, as well two additional miniature wine fridges including one in the master suite,” an old listing for the four-bedroom, four-and-a-half-bath brick building boasted. “A refined aesthetic throughout, including ceiling height library shelving on the third floor, evokes a certain historical charm.”
Other standout features include an underground garage, elevator, four fireplaces, breakfast nook-equipped kitchen and two private terraces.
Although an impressive abode, it pales in comparison to the ex-FTX CEO’s extensive Bahamas property profile. Over the course of the past two years, Bankman-Fried and his associates acquired at least 19 properties in the tropical commonwealth, The Post previously reported. Together, those purchases have an estimated value of close to $121 million.
The portfolio contrasts sharply with Bankman-Fried’s claims that he is a champion of “effective altruism,” as he wrote in an apology letter to former employees.
“I feel deeply sorry about what happened. I regret what happened to all of you,” Bankman-Fried wrote the letter, while maintaining that the blame for FTX’s failure lies not with him but its bankruptcy filing.
[Written in collaboration with other media outlets with information from the following sources]
