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




Sam Bankman-Fried and Jimmy Buffett holding a Margaritaville beach ball
Sam Bankman-Fried and Jimmy Buffett holding a Margaritaville beach ball  
  • New documents in FTX's bankruptcy case have revealed who is owed money by the collapsed crypto firm.

  • The Margaritaville beach resort in The Bahamas is seeking $55,319 from Alameda Research.

  • 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 case show that the company owes over $55,000 to the Bahamas Margaritaville beach resort, which was founded by the singer Jimmy Buffett.

On Monday, lawyers for FTX filed lists of the top 50 creditors for the companies related to Sam Bankman-Fried and his crypto exchange.

Margaritaville's claim for $55,319 makes it the fourth-largest creditor to Alameda - the high-risk trading firm which CoinDesk reported to have suspiciously close ties to FTX, which led to its collapse.

Buffett's hotel and restaurant chain is named after his 1977 hit song of the same name, which celebrated the tropical lifestyle.

Eight years after its release, he founded a restaurant chain which later expanded to include hotels, and even a $1 billion retirement community in Florida.

The 4-star hotel sits 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 fine dining restaurant named after Buffett, or $62 bottles of prosecco at the bar - but you'd have to get through 892 of them to reach the same debt as FTX.

The resort also provides a service for large meetings and corporate events, and a docking service for yachts.

Insider's attempts to contact the resort via phone and email to try to learn specifically what FTX might have spent the money on were unsuccessful.

The latest court documents also show that Alameda's top creditor is Amazon Web Services, which it owes $4.6 million.

But that pales in comparison compared to the FTX side of the business, where one unnamed customer is seeking $226 million.

FTX did not immediately respond to a request for comment.

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