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FTX founder Sam Bankman-Fried, left, and the townhouse purchased by his brother's nonprofit, right.Miami Herald/Getty Images Bright MLS
Gabe Bankman-Fried's nonprofit Guarding Against Pandemics bought a Washington, DC townhouse in April that was listed for over $3 million.
The home was reportedly used for cocktail parties hosted by the non-profit organization.
The four-story home has 3,762 square feet and includes several private outdoor spaces.
Gabe Bankman-Fried — the younger brother of disgraced FTX founder Sam Bankman-Fried — bought a $3.289 million Capitol Hill townhouse in April. The deal was made through Gabe's nonprofit organization, Guarding Against Pandemics.
Exterior of the townhouse owned by Gabe Bankman-Fried's nonprofit organization.Bright MLS
Source: Puck
The organization, which aims to prevent another pandemic, was funded in part by SBF. The move to the US capital was intended to send the message that the FTX founder "and his network would remain in DC," according to a report by Puck.
Living room in the townhouse of Gabe Bankman-Fried's nonprofit.Bright MLS
Source: Puck
Just a week before FTX collapsed, Guarding Against Pandemics held back-to-back cocktail parties for senior Democrats and Republicans, the New York Post reported.
Exterior of Gabe Bankman-Fried's nonprofit townhouse.Bright MLS
Source: New York Post
The four-story townhouse has four bedrooms, four and a half bathrooms, two private patios and an elevator, according to a property listing by real estate company Bright MLS.
A bedroom in Gabe Bankman-Fried's non-profit townhouse.Bright MLS
Source: Bright MLS
According to data from OpenSecrets, SBF was the second largest contributor to the Democrats in the 2022 midterm elections, which came shortly before losing his company and fortune after FTX imploded.
Dining room in Gabe Bankman-Fried's nonprofit townhouse.Bright MLS
Source: OpenSecrets, Insiders
Gabe reportedly resigned from his position as head of Guarding Against Pandemics in mid-November, although his LinkedIn profile still lists him as the organization's director.
A wine cellar in the townhouse of Gabe Bankman-Fried's nonprofit organization.Bright MLS
According to The Washington Post, the brothers have spent an estimated $70 million on research projects, campaign contributions, and other initiatives as of October 2021.
Exterior of Gabe Bankman-Fried's nonprofit townhouse.Bright MLS
Source: The Washington Post
"A lot of people in DC thought this was the next big thing," an unnamed source told NBC News. "Everyone was trying to get in. This went from the hottest to the most toxic thing. But that's how DC works.”
Kitchen at Gabe Bankman-Fried's nonprofit townhouse.Bright MLS
Source: NBC News
SBF's FTX reportedly spent $300 million on executive property in the Bahamas.
Bedroom in Gabe Bankman-Fried's nonprofit townhouse.Bright MLS
Source: Insiders
Read the original article on Business Insider

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