, 2022-11-30 16:22:00
FTX executives spent wildly and showered workers with lavish perks such as free food and massages, and Amazon deliveries by private jet in the months before the cryptocurrency site’s catastrophic collapse.
FTX’s headquarters in the Bahamas featured daily catering “in addition to the free groceries, barbershop pop-up and bi-weekly massages” a former employees told the Financial Times.
Workers also enjoyed a “full suite of cars and gas covered for all employees [and] unlimited, full expense covered trips to any office globally,” the ex-employee added.
Since Amazon does not deliver to the Bahamas, FTX reportedly chartered private planes to fly their orders from Miami to the company headquarters. FTX’s US branch was given $200 per day toward DoorDash food delivery.
Former employees expressed shock over the extent of the spending under FTX’s disgraced founder, Sam Bankman-Fried, who has drawn sharp criticism in bankruptcy court for using the company as his “personal fiefdom.”
“[It was] kids leading kids,” one former employee told the FT. “The entire operation was idiotically inefficient, but equally mesmerizing.”
“I had never witnessed so much money in my life. I don’t think anybody had, including SBF,” the employee added, referring to Bankman-Fried’s initials.
Bankman-Fried reportedly declined…
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