FTX Spends $40 Million on Catering to Food, Flights and Hotels in 9 Months

Key Points: FTX spent $40 Million between January and September 2022 on meals and travel, before declaring bankruptcy in November due “liquidity issues”.
FTX offers “complete autos, gas, and vacations to any office worldwide” to employees in Bahamas.
FTX spent $40M on lodging, transportation and dining between January 2022 and September 2022 before finally declaring bankruptcy. In November 2022, FTX filed for bankruptcy citing “liquidity problems”. More than 15 million US Dollars went toward high-end hotels and other accommodations while 5.8 million US Dollars went toward a resort. The Grand Hyatt is a four-star hotel that cost $3.6 million to build. It was occupied by the British royal family in March. Rosewood, a resort with five stars, was built at a cost of $800,000. According to court documents, $7 million was spent on entertainment and meals, with more than half going towards food services. The paperwork reveals the details of the expenditures. This information is derived from the paperwork. She also revealed the extent of FTX’s extravagant spending on luxury items. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comChubbiCoincu NewsTags: BahamascryptoFTXFTX Collapsemarket