- A submitting on Monday demonstrates that Alameda Research owes $55,319 to Margaritaville’s Bahamas resort.
- Alameda Analysis, Sam Bankman-Fried’s investing agency, submitted for individual bankruptcy in November along with FTX.
- Alameda’s other lenders involve Amazon Net Products and services and Bloomberg Finance.
Amid his fallen crypto empire, Sam Bankman-Fried has shed considerably far more than a shaker of salt — nevertheless who’s precisely at fault will most likely require a winding lawful journey. Which is not wonderful information for the Margaritaville Seashore Vacation resort in Nassau, Bahamas, to which Bankman-Fried’s bankrupt trading business, Alameda Investigate, owes far more than $50,000.
Margaritaville — portion of the Jimmy Buffett-impressed chain of dining places, resorts, cruises, and genuine-estate developments — is 1 of Alameda’s top unsecured collectors, in accordance to a court docket doc submitted on Monday in the buying and selling firm’s bankruptcy scenario. Alameda owes the resort $55,319, but it can be unclear how the money was invested. Not like secured creditors, unsecured collectors do not have access to collateral that they can seize when the income they are owed goes unpaid.
Alameda submitted for personal bankruptcy on November 11, together with the cryptocurrency trade FTX and various other affiliated corporations. Bankman-Fried experienced sought to elevate $8 billion prior to the filing as FTX faced a shortfall in cash next a spike in buyers withdrawing funds from their accounts.
The extra than $50,000 owed to Margaritaville is a mere fall in the bucket in comparison to the almost $4.7 million Alameda owes its leading unsecured creditor, Amazon World wide web Services. Bloomberg Finance also ranks among the the checklist of the firm’s biggest debtors, with an unsecured declare of a lot more than $80,000. Alameda owes a lot more than $5 million to its leading 11 unsecured creditors, according to its filing.
Irrespective of its shut ties to Alameda, FTX’s listing of unsecured creditors is not discovered in the community filings.
Bankman-Fried’s net value the moment stood at $26 billion, and he reportedly lavished $300 million on genuine-estate attributes for his company’s executives and donated $260 million to charities and political groups.
Numerous of those commitments are now at chance, supplied FTX and Alameda’s implosion. The crypto financial institution BlockFi, a organization that FTX had loaned funds to, submitted for individual bankruptcy on Monday. FTX and Alameda also acquired stakes in dozens of crypto-relevant startups, at the very least one of which held assets in the now-bankrupt trade.
Alameda Investigate and Margaritaville have not responded to a request for comment at the time of publication.
- A submitting on Monday demonstrates that Alameda Research owes $55,319 to Margaritaville’s Bahamas resort.
- Alameda Analysis, Sam Bankman-Fried’s investing agency, submitted for individual bankruptcy in November along with FTX.
- Alameda’s other lenders involve Amazon Net Products and services and Bloomberg Finance.
Amid his fallen crypto empire, Sam Bankman-Fried has shed considerably far more than a shaker of salt — nevertheless who’s precisely at fault will most likely require a winding lawful journey. Which is not wonderful information for the Margaritaville Seashore Vacation resort in Nassau, Bahamas, to which Bankman-Fried’s bankrupt trading business, Alameda Investigate, owes far more than $50,000.
Margaritaville — portion of the Jimmy Buffett-impressed chain of dining places, resorts, cruises, and genuine-estate developments — is 1 of Alameda’s top unsecured collectors, in accordance to a court docket doc submitted on Monday in the buying and selling firm’s bankruptcy scenario. Alameda owes the resort $55,319, but it can be unclear how the money was invested. Not like secured creditors, unsecured collectors do not have access to collateral that they can seize when the income they are owed goes unpaid.
Alameda submitted for personal bankruptcy on November 11, together with the cryptocurrency trade FTX and various other affiliated corporations. Bankman-Fried experienced sought to elevate $8 billion prior to the filing as FTX faced a shortfall in cash next a spike in buyers withdrawing funds from their accounts.
The extra than $50,000 owed to Margaritaville is a mere fall in the bucket in comparison to the almost $4.7 million Alameda owes its leading unsecured creditor, Amazon World wide web Services. Bloomberg Finance also ranks among the the checklist of the firm’s biggest debtors, with an unsecured declare of a lot more than $80,000. Alameda owes a lot more than $5 million to its leading 11 unsecured creditors, according to its filing.
Irrespective of its shut ties to Alameda, FTX’s listing of unsecured creditors is not discovered in the community filings.
Bankman-Fried’s net value the moment stood at $26 billion, and he reportedly lavished $300 million on genuine-estate attributes for his company’s executives and donated $260 million to charities and political groups.
Numerous of those commitments are now at chance, supplied FTX and Alameda’s implosion. The crypto financial institution BlockFi, a organization that FTX had loaned funds to, submitted for individual bankruptcy on Monday. FTX and Alameda also acquired stakes in dozens of crypto-relevant startups, at the very least one of which held assets in the now-bankrupt trade.
Alameda Investigate and Margaritaville have not responded to a request for comment at the time of publication.
