An FTX exec bought $6 million of real estate and restaurants in a small Massachusetts town. The crypto giant's collapse has local officials worried about its future.

Dec 20 2022 by Business Insider

 
The Church Street Inn in Lenox, MA.

Business Wire/AP

Ryan Salame, a co-CEO at FTX, bought $6 million of restaurants and real estate in Lenox, Massachusetts. Officials in the 5,000-resident town are concerned that they might suffer as a result. A local newspaper reported last year that Salame owned almost half the town's restaurants.

The 5,000-resident town of Lenox, Massachusetts is closely following the FTX fallout, thanks to one of the company's co-CEOs owning a significant portfolio of...

Continue Reading An FTX exec bought $6 million of real estate and restaurants in a small Massachusetts town. The crypto giant's collapse has local officials worried about its future.