According to ChainCatcher, Reuters reported that official real estate records show that FTX, SBF's parents, and other executives of the exchange have purchased at least 19 properties in the Bahamas in the past two years, worth nearly $121 million. These include seven condominiums in the upscale resort community of Albany, worth nearly $72 million. The property deeds show that these apartments were purchased by a department of FTX for the residence of core employees.
In addition, a residence in Old Fort Bay was signed by SBF's parents, Joseph Bankman and Barbara Fried. When asked why they decided to buy a property in the Bahamas and how the money was paid, SBF's parents responded that they had been trying to return the property to FTX. (Reuters)