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An unknown buyer or buyers may soon own property formerly associated with the defunct cryptocurrency exchange FTX and its former CEO Sam Bankman-Freed in Washington’s Capitol Hill neighborhood.
According to an updated post on Realtor.com, the DC property was listed as “conditional,” indicating that the party involved in the deal has accepted the offer, but the deal has yet to be finalized. The townhouse, located near the US Capitol building, was reportedly owned by Guarding Against Pandemics, a non-profit organization founded by Gabriel Bankman-Fried, brother of the former FTX CEO.
It was reported in January that the property was removed from property listings after it was allegedly purchased by misappropriated funds from FTX users. The Realtor.com listing listed a $3 million price tag at the time of publication, and the photos available did not suggest any cryptocurrency or blockchain home design.
DC Townhouse Linked to Fallen FTX Founder Sam Bankman-Fried Is Listed for $3.3M
420 3rd St NE, Washington, DC 20002
Bedrooms and bathrooms
1/2 bathrooms: 1 pic.twitter.com/oBQslTGuV3
— Paul Argueta (@talktopaul_com) January 23, 2023
Amid the collapse of FTX and criminal charges brought against Sam Bankman-Fried, US authorities have been investigating assets associated with the cryptocurrency exchange and its former CEO, including those used for political donations. Bankman-Fried will face two criminal trials scheduled for October 2023 and March 2024 on charges including those of violating the campaign finance law.
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It is unclear who is behind the purchase of the DC property and what role, if any, the money behind the sale could play in the ongoing Delaware County FTX bankruptcy case. Gabriel Bankman-Fried reportedly stepped down as chief executive of Guarding Against Pandemics in November 2022. Cointelegraph contacted the non-profit organization but received no response as of press time.