Realtor may have accepted $3M offer for DC property connected to Sam Bankman-Fried.

Someone who is not identified, or a group of buyers, may soon own a property located in Washington D.C.’s Capitol Hill neighborhood that was previously connected to the now-defunct cryptocurrency exchange FTX and its former CEO, Sam Bankman-Fried.

According to an updated listing on Realtor.com, the property was listed as “contingent”, which suggests that the party handling the deal has accepted an offer, but the transaction has not yet been finalized. The townhouse, which is located near the U.S. Capitol building, was reportedly owned by Guarding Against Pandemics, a non-profit organization established by Gabriel Bankman-Fried, the brother of the former FTX CEO.

In January, Cointelegraph reported that the property had been removed from real estate listings after allegedly being purchased using misappropriated FTX user funds. Realtor.com’s current listing shows a price of $3 million, and available photographs do not suggest any crypto or blockchain design in the house.

#CelebrityRealEstate DC Townhouse Linked to Fallen FTX Founder Sam Bankman-Fried Is Listed for $3.3M 420 3rd St NE, Washington, DC 20002 Bedrooms and bathrooms Bedrooms: 4 Bathrooms: 4.5 Full bathrooms: 4 1/2 bathrooms: 1 pic.twitter.com/oBQslTGuV3

— Paul Argueta (@talktopaul_com) January 23, 2023

As FTX collapsed and criminal charges were brought against Sam Bankman-Fried, U.S. authorities investigated assets connected to the crypto exchange and its former CEO, including those used for political donations. Bankman-Fried will face two criminal trials in October 2023 and March 2024 for charges, including allegations of campaign finance law violations.

Related: House on a hill: Top countries to buy real estate with crypto

It is not clear who is behind the purchase of the D.C. property and what role the money from the sale, if any, could play in FTX’s ongoing bankruptcy case in the District of Delaware. Gabriel Bankman-Fried reportedly stepped down from his position as executive director of Guarding Against Pandemics in November 2022. Cointelegraph reached out to the non-profit, but did not receive a response as of the time of publication.

Magazine: Can you trust crypto exchanges after the collapse of FTX?

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