FTX owes more than $55,000 to Jimmy Buffett's Margaritaville beach resort in the Bahamas, bankruptcy filings show

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Sam Bankman-Frieds FTX owes Jimmy Buffett's hotel chain $55,319. Tom Williams/CQ-Roll Call, Inc via Getty Images; Amanda Edwards/Getty Images
New documents in FTX's bankruptcy proceedings have revealed who the collapsed crypto firm owes money to.
Margaritaville beach resort in the Bahamas is asking Alameda Research for $55,319.
The hotel chain was founded by singer Jimmy Buffett after the success of his song of the same name.
New documents in FTX's bankruptcy filing show the company owes the Bahamas Margaritaville Beach Resort, founded by singer Jimmy Buffett, over $55,000.
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On Monday, FTX lawyers filed lists of the top 50 creditors for the companies associated with Sam Bankman-Fried and his crypto exchange.
Margaritaville's claim to $55,319 makes it the fourth-largest creditor to Alameda -- the high-risk trading firm that CoinDesk reported has suspiciously close ties to FTX, leading to its collapse.
Buffett's chain of hotels and restaurants is named after his 1977 hit of the same name, which celebrated the tropical lifestyle.
Eight years after its release, he started a restaurant chain that later expanded to include hotels and even a $1 billion Florida retiree community.
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The 4-star hotel is located on the beach in Nassau and the most expensive presidential suite costs over $3,300 per night. That means the FTX bill could have bought over two weeks in the best room.
Margaritaville's luxuries include $160 tomahawk steaks at the upscale restaurant named after Buffett or $62 bottles of Prosecco at the bar -- but you'd have to sit through 892 of them to rake in the same debt as FTX to reach.
The resort also offers services for large meetings and corporate events, as well as yacht docking services.
Attempts by insiders to contact the resort via phone and email to learn what FTX might have spent the money on have been unsuccessful.
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The latest court documents also show that Alameda's main creditor is Amazon Web Services, to which Alameda owes $4.6 million.
But that pales in comparison to the FTX side of the business, where an unnamed client is targeting $226 million.
FTX did not immediately respond to a request for comment.
Read the original article on Business Insider

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