Inside Sam Bankman-Fried's Bahamas Penthouse, Before It All Came Crashing Down

A glossy gray minivan picked me up from the airport, one of several shuttles in a fleet known as the “FTXpress.” My private driver, a 20s-looking, cheery Bahamian native wearing an FTX t-shirt, enthusiastically relayed how he’d been “scalp trading” $CEL tokens, the cryptocurrency of the bankrupt crypto lending company Celsius.

A sign from the luxury community, Albany, where former FTX owner Sam Bankman-Fried lived, in Nassau, Bahamas.The rest of my time in Albany felt like an anthropological expedition. Bankman-Fried’s Bahamas lifestyle perplexingly shifted between that of acover star and a broke college student. For one, he lived in a $40m penthouse with nine other FTX and Alameda employees, in an ornate building called Orchid. Yet his schlubby demeanor seemed so out of place in Albany it was almost comical.

The FTX offices were located in a sparse office park comprising approximately thirty small rectangular buildings called “huts.” Employees pinged a Telegram group to hail a company shuttle, which ran trips each day from the Albany complex to the office. The office park wasn’t just for FTX and Alameda; it also housed employees of projects FTX had invested in. I saw a 14-year-old developer from India who was there coding a project for Solana, a blockchain Bankman-Fried heavily promoted.

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