A property in Washington, D.C.’s Capitol Hill neighborhood, previously associated with defunct cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried, is on the verge of being owned by unidentified buyers.
An updated listing on Realtor.com indicates that the Washington, D.C. property is now listed as “contingent,” indicating that the deal’s handling party has accepted an offer, although the transaction has not been fully completed.
Also Read: FTX’s Sam Bankman-Fried Seeks Dismissal of Majority of Criminal Charges
The townhouse, situated close to the United States Capitol building, was reportedly owned by Guarding Against Pandemics, a nonprofit organization established by Gabriel Bankman-Fried, the brother of former FTX CEO Sam Bankman-Fried.
In January, Cointelegraph reported that the property had been taken off the real estate listings amid allegations of being purchased with misappropriated FTX user funds. The current listing on Realtor.com displayed a price of $3 million, and the available photographs did not indicate any crypto or blockchain-themed design elements in the house.
#CelebrityRealEstate
DC Townhouse Linked to Fallen FTX Founder Sam Bankman-Fried Is Listed for $3.3M420 3rd St NE, Washington, DC 20002
Bedrooms and bathrooms
Bedrooms: 4
Bathrooms: 4.5
Full bathrooms: 4
1/2 bathrooms: 1 pic.twitter.com/oBQslTGuV3— Paul Argueta (@talktopaul_com) January 23, 2023
Against the backdrop of FTX’s collapse and the criminal charges filed against Sam Bankman-Fried, authorities in the United States conducted investigations into assets linked to the cryptocurrency exchange and its former CEO. These investigations encompassed assets utilized for political donations as well.
Bankman-Fried is slated to face two separate criminal trials, scheduled for October 2023 and March 2024, which involve charges ranging from campaign finance law violations and other allegations.
The identity of the purchaser of the D.C. property remains unclear, along with the potential significance of the funds involved in FTX’s bankruptcy case in the District of Delaware. Gabriel Bankman-Fried, who served as the executive director of Guarding Against Pandemics, reportedly resigned from his position in November 2022.
Also Read: Court Grants Temporary Stay on Additional Charges in SBF’s US Indictment
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.
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