A group of financial renegades down the pace, happily swapping in and out of relationships with each other, and watching their boss play video games for a billion-dollar investment.
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and they all lived together Albany, BahamasAccording to accounts from employees who live and work there, the $40 million luxury dig used by cryptocurrency giant FTX is home to the $15 billion company that recently went belly up amid allegations of fraud and mismanagement. .
Led by disgraced CEO and co-founder Sam Bankman-Fried, a 30-year-old Californian better known as SBF, the group pulled together all night high on amphetamines at their retreat—which includes six bedrooms, two elevators, manicured grounds, One was claimed. Golf courses and a boat basin filled with super yachts.
One well-heeled Bahamian local told The Post, “It seemed like they were treating Albany like a frat house.”
“They used to walk around in sweats and T-shirts. That was not the Albany lifestyle its residents signed up for. The distinctive outfit was a Ralph Lauren sport jacket. Sam and his gang didn’t seem right for the role.”
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On a paradise island of moneyed conservatives, the SBF and some of its staff reportedly lead a life fueled by drugs, a vegetarian diet and open sexuality.
“Stimulants when you wake up, sleeping pills if you need them while you sleep” – that was the formula for FTX’s success, according to a tweet From Bankman-Fried.
The allegation was made on the Twitter feed of @AutismCapital That SBF used a drug called EMSAM in the form of a patch. It is a methamphetamine derivative that is used off label to treat the symptoms of Parkinson’s disease and is known to increase energy. According to CoinDesk, “Bankman-Fried … may have been suffering from side effects of EMSAM (which involves compulsive gambling).”
His ex-girlfriend, Caroline Ellison, served as CEO of Alameda Research, a trading firm co-founded by SBF. Almeida allegedly lost billions of dollars through risky trades that, according to the wall street journal, allegedly causing the improper transfer of customer funds from FTX to Alameda. Alison, a huge Harry Potter fan, scoffs at those not taking drugs in 2021 Tweet: “There’s nothing like regular amphetamine use to make you understand how dumb a normal, non-drug experience is.”
One figure in Miami’s high society was not impressed when he recalled FTX Group’s appearance at a crypto conference organized by the SBF at the Baha Mar resort in the Bahamas in April.
“He was up all night, smelling Adderall, smelling like he hadn’t showered in a week,” she alleged to The Post.
“They worked crazy hours and Albany accommodated them,” said the well-heeled Bahamian, who added that an upscale restaurant on the resort’s grounds turned into a 24-hour operation to cater to the FTX crew. “It became the equivalent of a company cafeteria.”
Although the firm also had an office in the city, the penthouse was seen as its nerve center, a luxurious sprawl where “love is currency,” according to one since deleted report On the website of Sequoia Capital, which invested in FTX.
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10 There Was An Active Polygamous Culture According To The Roommates A report from CoinDesk: “All 10 are or used to be in romantic relationships with each other.”
Ellison had specific ideas about how free love should function.
“When I first started my foray into poly, I thought of it as a radical break from my traditional past,” she reportedly wrote in a Tumblr entry. “But I’ve come to decide that the only acceptable genre of poly is best characterized by something like an ‘imperial Chinese harem.'”
The Stanford grad continued: “None of this is non-categorical bull-t; Everyone should have a ranking of their partners, people should know where they fall in the rankings, and there should be vicious power struggles for higher ranks.
A source who attended a gathering at the Albany penthouse described it to The Post as “spectacular, especially the patio”. I remember it was very neat.