- One of Sam Banksman’s properties was removed from listings after it was alleged bought with misappropriated FTX user funds and now seems to have been purchased.
- The Washington, D.C. townhouse owned by Guarding Against Pandemics was listed as “contingent” on a real estate website, suggesting the party handling the deal has accepted an offer.
- Sam Bankman is still on house arrest while his ongoing trials continues and faces more ahead.
An unidentified buyer or buyers could soon own a property previously linked to defunct cryptocurrency exchange FTX and its former CEO, Sam Bankman-Fried, in Washington, D.C.’s Capitol Hill neighborhood.
According to an updated posting on Realtor.com, the D.C. property was listed as “contingent,” suggesting that the party handling the deal has accepted an offer, but the transaction was not yet finalized. The townhouse near the United States Capitol building was reportedly owned by Guarding Against Pandemics, a nonprofit organization established by Gabriel Bankman-Fried, brother of the former FTX CEO.
It was reported in January that the property had been removed from real estate listings after allegedly being purchased by misappropriated FTX user funds. Realtor.com’s listing at the time of publication showed a price of $3 million, while available photographs did not suggest any crypto or blockchain design to the house.
Amid the collapse of FTX and criminal charges brought against Sam Bankman-Fried, U.S. authorities investigated assets tied to the crypto exchange and its former CEO, including those used for political donations. Bankman-Fried will face two criminal trials — scheduled for October 2023 and March 2024 — for charges including allegations of campaign finance law violations.
It’s unclear who is behind the purchase of the D.C. property and what role the money behind the sale could play, if any, in FTX’s ongoing bankruptcy case in the District of Delaware. Gabriel Bankman-Fried reportedly stepped down from his position as executive director of Guarding Against Pandemics in November 2022. We contacted the nonprofit but did not receive a response at the time of publication.
