FTX’s Margaritaville tab swells to $600K as it racked up a $400K DoorDash bill


Sam Bankman-Fried’s defunct crypto exchange FTX owes Jimmy Buffett’s Margaritaville resort nearly $600,000 — more than 10 times what was previously thought — and meanwhile racked up a $400,000 DoorDash tab ahead of its bankruptcy, court papers revealed this week.

In November, FTX’s investment affiliate Alameda Research was reportedly sought after by Margaritaville resort in the Bahamas over a $55,319 bar tab.

But court papers on Wednesday show the oceanside retreat named after Buffett’s hit single is now claiming $599,409 from the crypto hedge fund, according to Insider.

FTX employees reportedly stayed “for weeks or months” in about 20 suites at One Particular Harbour — a luxury tower connected to the main Margaritaville resort, according to Bloomberg.

Resort staffers said workers from the since-imploded firm would pile into a shuttle in the morning and return to Margaritaville after their workday at the company’s Bahamas-based headquarters, according to reports.

FTX’s officers were located on the other side of the island and the trip reportedly took roughly 30 minutes.

Meanwhile, court filings this week also show that investment arm Alameda Research racked up a $400,000 Doordash bill in the months leading up to the crypto giant’s spectacular implosion.

Documents filed in Delaware bankruptcy court on Wednesday revealed an unpaid tab of $403,765 from the food delivery app to FTX entities.... (Read more)

Submitted 12 days ago

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