A property near Capitol Hill in Washington, DC, previously associated with the defunct cryptocurrency exchange FTX and its former CEO, Sam Bankman-Fried, may soon be owned by unidentified buyers.
Realtor.com recently updated its post, stating that the Washington, DC property is listed as "contingent." This means that the party handling the transaction has accepted the offer, but the deal has yet to be finalized. The townhouse, situated near the US Capitol, is said to be owned by Guarding Against Pandemics, a nonprofit founded by Gabriel Bankman-Fried, the brother of the former FTX CEO.
In January, the property had been removed from real estate listings after allegations arose that it was purchased using stolen funds from FTX users. The current Realtor.com listing indicates a price of $3 million, and the available photos do not suggest any crypto or block the chain -themed designs for the home. Following the FTX controversial and criminal charges against Sam Bankman-Fried, US authorities launched investigations into assets associated with the cryptocurrency exchange and its former CEO, including those used for political donations. Bankman-Fried is facing two criminals trials scheduled for October 2023 and March 2024, which involve charges related to violations of campaign finance laws.
The identity of the purchaser of the Washington, DC property remains unclear, and it is unknown whether the funds used in the sale have any connection to FTX's ongoing bankruptcy proceedings in the Delaware District. Gabriel Bankman-Fried is reportedly set to step down as exec utive director of Guarding Against Pandemics in November 2022.
