💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

FTX Co-Founder's $3.28 Million Washington D.C. Townhome Hits The Market As Feds Seize $700M In Assets

Published 23/01/2023, 23:36
© Reuters.  FTX Co-Founder's $3.28 Million Washington D.C. Townhome Hits The Market As Feds Seize $700M In Assets

Benzinga - A townhome in Washington D.C. owned by Sam Bankman-Fried, the co-founder of crypto exchange FTX, has been put on the market for $3.28 million.

What Happened: This property was part of a larger collection of nearly $700 million in assets, which included cash and shares of Robinhood Markets Inc (NASDAQ: HOOD), that were seized by the federal government from Bankman-Fried, according to court filings.

This came a month after he was released on a $250 million bond secured mainly by the equity in his parents' home in Palo Alto, California, where he is under house arrest.

Also Read: Bankman-Fried's Lawyers Say Car Drove Into Barricade Outside Parent's House, Ask For Bail Secrecy: Report

The 4,100-square-foot townhome was purchased by a non-profit organization, Guarding Against Pandemics, founded by his brother Gabe Bankman-Fried, last April for the same price it is now listed.

The four-story Victorian brownstone has 10-foot ceilings, an elevator and a recently updated chef's kitchen with a walk-in pantry.

The dining room has built-in shelving and display cabinets, as well as a custom temperature-controlled wine refrigerator.

The primary bedroom on the main floor has double walk-in closets, a personal washer and dryer, and a gas fireplace.

"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,” said the listing.

Devon Fox with Pearson Smith Realty holds the listing.

Read Next: Bitcoin's Key Resistance Level At $25,000: Will It Be A Tough Nut To Crack — Or A New Cycle Trigger?

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.