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