albany

It is no secret, FTX’s former CEO Sam Bankman-Fried was a billionaire and he had lots of money to spend and give away.

And Bankman-Fried knew how to eat. The disgraced crypto king spent a whopping $100,000 a week on food.

Reports are that he ordered massive amounts of food in a week from local restaurants in Nassau.  And what he could not eat, he donated or threw away.

Forbes reported Bankman-Fried had a weekly catering schedule where eleven restaurants rotated daily, delivering food every hour.

His $ 100,000-a-week order of food included steaks and seafood platters.

And much of what he did not eat remained in the lobby which he transformed into a makeshift kitchen.

Bankman also frequented Shima, The Island House, where staffers recalled the group of “socially awkward” crypto executives visited for lunch.

“It was like there was a fresh air blowing through here,” one said. “It felt like things were changing for the better…like there was hope.”

Another staff member said, “They were spending other people’s money.”

And when Bankman-Fried felt like eating elsewhere, he frequently visited Cocoplum on West Bay Street, where he dined on French and Mediterranean cuisine served with an island twist, Fox News reported.

Staff members said he stopped by often spending $2,500 a day on meals, and FTX employees also held business meetings at lunchtime, but never returned for happy hour.

“They’re geeks man. They don’t hang out.”

Former FTX CEO Sam Bankman-Fried was seen in a grocery store in Albany, Bahamas for the first time since the collapse of his exchange empire.

The 30-year-old now disgraced crypto-white knight dressed in his signature casual wear, wore a navy blue T-shirt and khaki shorts as he scrolled through his phone and exited Purveyors, a general store and gourmet market in the resort community.

Sam Bankman-Fried has not been seen since the fiasco but has been relatively tweeting updates on his social media account.

This comes after the CEO of Bahamas-based exchange FTX  which is the second biggest crypto company, became bankrupt and lost billions of dollars of customer funds.

Bankman-Fried and his executive team have since been called to testify before the Finance Committee on Capitol Hill, Washington, next month.

Sam Bankman Fried is even selling his luxury home in Albany for $40 million in an attempt to sell off assets.

Update: The listing has been labeled a “web malfunction” and has since been removed. Nikki Boeuf, President of the Bahamas Real Estate Association said, “It’s unfortunate because the integrity of the industry is at stake.

Now disgraced crypto-white knight Sam Bankman Fried is selling his $40 million house nestled in the western end of Nassau, Bahamas.

The 12,000-square-foot five-bedroom luxury penthouse was reportedly put on the market after Bankman-Fried filed for bankruptcy sending the crypto market spiraling out of control.

The penthouse, where Bankman-Fried and his nine other roommates lived and worked,  features a private elevator, and a private balcony with a spa and lounge area.

It is considered, “the ultimate in luxury waterfront living in the Caribbean” according to its listing.

FTX, before the collapse, was the second biggest crypto exchange and was headquartered in the Bahamas. Bankman-Fried stepped down as CEO last week as he work to recoup the billions of customer funds lost in the crash.

Bankman-Fried lost an estimated 14 billion dollars overnight and his company was once valued at 32 billion dollars.

Reports say Bankman-Fried’s sale of his Bahamas penthouse is the first indication of his effort to sell off assets.