FTX’s Worst Sin: It Owes an Immense Bill to Jimmy Buffett’s Margaritaville
No more cheeseburgers for SBF.
Sean Zanni via Getty / Futurism
Cheeseburgers in Hell
There is, as it turns out, a tenth circle of hell, and disgraced ex-FTX CEO Sam Bankman-Fried is in it.
Insider reports that, according to new court documents filed in the ongoing FTX bankruptcy coinpocalypse, the SBF-tied hedge fund Alameda Research has one particularly egregious debt: it owes approximately $55,319 to Jimmy Buffett's Margaritaville, the Bahamian resort styled after the sandal-wearing, ukulele-playing retirement icon's hit song of the same name.
It's yet another absolutely outrageous twist in FTX's scandalous meltdown. As the crypto exchange's bankruptcy scandal continues its dramatic unfolding, the depth of both Alameda and FTX's mismanaged finances somehow just keeps getting worse — or in this case, just that much more ridiculous.
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Parrothead Mafia
It's worth noting that Buffett, a very wealthy man, likely isn't hurting for $50k. But if we were Bankman-Fried, we'd be scared. Not of jail time, but of Buffett's devoted fan base: the Parrotheads...
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