FTX spent nearly $7 million on food and over $15 million on luxury Bahamian hotels in just 9 months, court documents show

Jan 6 2023 by Business Insider

 
Sam Bankman-Fried and the Grand Hyatt Baha Mar in Nassau.

Gotham/GC Images; David Cannon/Getty Images

FTX's Bahamian entity spent nearly $40 million on hotels, food, and travel in just nine months. That's according to documents filed in the Delaware bankruptcy courts. The documents show that the company spent almost $6 million at a single hotel, and $1 million on one caterer.

FTX spent $40 million in just over nine months on expenses including hotels, entertainment, and flights, according to...

Continue Reading FTX spent nearly $7 million on food and over $15 million on luxury Bahamian hotels in just 9 months, court documents show