FTX spent nearly $7 million on food in nine months

1/15/2023

FTX spent nearly $7 million on food in just nine months, bankruptcy court documents reviewed by Insider reveal. Between January to September 2022, the crypto exchange firm spent $15.4 million on luxury hotels and accommodation, and a further $6.9 million on “meals and entertainment.”

Sam Bankman-Fried rode a boom in the value of bitcoin and other digital assets to build a net worth of an estimated $26 billion and become an influential political donor in the United States.

But FTX collapsed in early November after a wave of withdrawals and declared bankruptcy on November 11, wiping out Bankman-Fried’s fortune.

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