{"id":19476,"date":"2023-02-04T09:04:52","date_gmt":"2023-02-04T17:04:52","guid":{"rendered":"https:\/\/coinnetworknews.com\/ftx-tied-townhouse-in-washington-dc-unlisted-report\/"},"modified":"2023-02-04T09:04:52","modified_gmt":"2023-02-04T17:04:52","slug":"ftx-tied-townhouse-in-washington-dc-unlisted-report","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/ftx-tied-townhouse-in-washington-dc-unlisted-report\/","title":{"rendered":"FTX-tied townhouse in Washington DC unlisted: Report"},"content":{"rendered":"

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A property linked to Sam Bankman-Fried’s political spending was pulled off the market by the seller as a sign of “good faith” after being linked to FTX customer funds, the Wall Street Journal reported<\/a>.<\/p>\n

The townhouse – located a few blocks from the United States Capitol, in the Capitol Hill neighborhood – is owned by Guarding Against Pandemics, a nonprofit organization established by Gabriel Bankman-Fried, brother of the bankrupt exchange’s former CEO. <\/p>\n

In court filings from January, FTX’s new management claimed that customer funds were misappropriated to purchase the property for $3.3 million. The Guarding Against Pandemics pulled the listing after media outlets contacted the real-estate agent about the property. <\/p>\n

A spokesperson for Guarding Against Pandemics told the WSJ that Gabriel is no longer part of the organization. Recently, FTX’s creditors requested subpoenas<\/a> for documents from Bankman-Fried’s mother, Barbara Fried, and Gabriel, claiming they failed to respond to previous information requests.<\/p>\n

According to property records, the nonprofit organization tried to sell it for the same price it paid in April 2022 to lobbyist Mitch Bainwol and his wife, Susan Bainwol.<\/p>\n

Related:\u00a0FTX sister company Alameda Research sues Voyager Digital for $446M<\/a><\/em><\/strong><\/p>\n

The three-story building is 4,100 square feet, has four bedrooms, and was reportedly being used as the organization’s office, with workstations set up in various rooms. A few open houses were held by the real estate company in charge of the listing, but no purchase offers were received.<\/p>\n

FTX\u2019s donations to political parties and candidates are under investigation by U. S. prosecutors<\/a>. Bankman-Fried was the second-largest \u201cCEO contributor\u201d to Joe Biden\u2019s 2020 presidential campaign, contributing with $5.2 million. Days ahead of the midterm elections in November 2022, he admitted being a \u201csignificant donor\u201d<\/a> to both sides of the political spectrum in Washington. <\/p>\n

The exchange’s new management team has been working to identify funds to repay creditors since filing for bankruptcy on Nov. 11. According to FTX attorney<\/a> Andy Dietderich, the exchange had \u201crecovered $5 billion in cash and liquid cryptocurrencies\u201d as of January. <\/p>\n

Clawback provisions could force businesses and investors to return billions of dollars paid<\/a> in the months before the crypto exchange’s collapse, Cointelegraph has reported. <\/p>\n