Partner-swapping, pills & playing games: Inside Sam Bankman-Fried’s FTX party house

NY Post

FTX, Bankman-Fried and parents bought Bahamas real estate worth $121M: report

A group of financial renegades dropped speed, blithely swapped in and out of relationships with one another, and watched their boss play video games while pitching for a billion-dollar investment. And they all lived together at Albany, Bahamas, home to the swanky $40 million digs used by cryptocurrency giant FTX — the $15 billion company that went recently belly up amid allegations of fraud and mismanagement — according to accounts of staffers who lived and worked there. Led by disgraced CEO and co-founder Sam Bankman-Fried, a 30-year-old Californian known as SBF, the group pulled all-nighters while high on amphetamines at their retreat — which boasted six bedrooms, two elevators, manicured grounds, a golf course and a boat basin packed with super yachts. “The feeling was that they were treating Albany like a frat house,” a well-heeled Bahamian local told The Post. “They would walk around in sweats and T-shirts. That was not the Albany lifestyle that residents there signed up for. The typical dress was Ralph Lauren sport jackets. Sam and his group did not seem to fit the part.” On an island paradise of moneyed traditionalists, SBF and some of his employees led a life allegedly fueled by drugs, vegetarian food and open sexuality. “Stimulants when you wake up, sleeping pills if you need them when you sleep” — that was the formula for FTX’s success, according to a tweet from Bankman-Fried. It was alleged on the Twitter feed of @AutismCapital that SBF used a drug called EMSAM in patch form. It is a methamphetamine derivative used on-label to treat symptoms of Parkinson’s disease and is known to increase energy. According to Coindesk, “Bankman-Fried was … possibly suffering side effects of EMSAM (which include compulsive gambling).”

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