You may believe that nobody who operated at stopped working cryptocurrency exchange/fraudulent hedge-fund savings account FTX would have $1.5 million to invest in a watch. Even if it was gold, and even if it did when come from John Jacob Astor, and even if it was basically grave-robbed from the relatively-recently-augmented undersea cemetery that is the wreckage of the Titanic.
And you definitely may hope that if such an individual existed—if there was a previous FTX executive who still had liquid possessions countable in the millions—that such an individual may do something much better, more honorable or more restitutive in the wake of its collapse than purchase such a thing for his spouse. That he and she may be really grateful that their functions in among the most significant monetary scams worldwide left them with a big adequate fortune to live conveniently and silently without a criminal conviction and even a single day behind bars.
Well, similar to a lot else including FTX, you’d be dissatisfied.
Patrick Gruhn, a German fintech business owner and previous executive at cryptocurrency exchange FTX, paid £1.175 million, comparable to nearly $1.5 million, last Saturday for the watch, the biggest amount ever invested at auction on a piece of Titanic souvenirs…. Gruhn stated he purchased it as a present for his spouse, Maren Gruhn, and they would show the watch in museums.
Oh, well, that’s great then. Certainly a much better result than spending the $190 million he most likely ought to have, so that he’s able to provide this terrific to the nation, however mainly his spouse.
The FTX insolvency estate in February accepted drop a suit versus Gruhn that had actually looked for to claw back a minimum of $323 million from Bankman-Fried’s purchase of the Swiss company that ended up being FTX Europe, declaring Bankman-Fried paid too much. As part of a settlement, Gruhn and other creators of the European system accepted redeem the European possessions for about $33 million.
Former FTX Executive Pays $1.5 Million for Gold Watch Recovered From Titanic [WSJ]
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