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FTX spent US$300-million on Bahamas real estate, was run as Bankman-Fried’s...

FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, attorneys for the collapsed crypto exchange said in its first bankruptcy hearing as they detailed ongoing challenges such as hacks and substantial missing assets.In the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6 billion