FTX Bankruptcy Estate to Sell Bahamas Properties Including SBF's Orchid Penthouse

FTX's bankruptcy estate plans to sell a total of 35 units of FTX-owned real estate in the Bahamas, including the luxurious apartment shared by Sam Bankman-Fried and his top executives. The sale proceeds will be distributed to FTX customers to address the $8.7 billion debt owed to them after the exchange's bankruptcy declaration. The bankruptcy estate aims to sell the properties for at least 80% of the estimated price and to report any sale larger than $5 million to relevant parties.