--- title: "FTX’s Worst Sin: It Owes an Immense Bill to Jimmy Buffett’s Margaritaville" description: "According to court filings, FTX owes about $55,319 to Jimmy Buffett's Bahamian Margaritaville resort, because of course it does." date: "2022-11-30" modified: "2022-11-30" authors: - name: "Maggie Harrison Dupré" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/mharrison" url: "https://futurism.com/the-byte/ftx-jimmy-buffett-margaritaville" categories: - "Blockchain" - "Future Society" tags: - "ftx" - "jimmy buffett" - "sbf" - "the digest" --- # FTX’s Worst Sin: It Owes an Immense Bill to Jimmy Buffett’s Margaritaville ![According to court filings, FTX owes about $55,319 to Jimmy Buffet's Bahamian Margaritaville resort, because of course it does.]() *\Image: Sean Zanni via Getty / Futurism\* ## Cheeseburgers in Hell There is, as it turns out, a tenth circle of hell, and disgraced ex-FTX CEO Sam Bankman-Fried is in it. *Insider* [reports that](), according to new court documents filed in the ongoing FTX bankruptcy coinpocalypse, the [SBF-tied hedge fund]() Alameda Research has one particularly egregious debt: it owes approximately $55,319 to Jimmy Buffett's Margaritaville, the Bahamian resort styled after the sandal-wearing, ukulele-playing [retirement icon's]() hit song of the same name. It's yet another absolutely outrageous twist in FTX's scandalous meltdown. As the crypto exchange's bankruptcy scandal continues its dramatic unfolding, the depth of both Alameda and FTX's mismanaged finances somehow just keeps getting worse — or in this case, just that much [more]() [ridiculous](). ## Just Why On a practical level, we can't imagine why or really even how FTX spent over $50k at Margaritaville. A bar tab? A weeks-long stay in the hotel's most expensive suite? An exorbitant number of Buffett's famous cheeseburgers? The Paradise Island location's yacht-docking services? But we digress. The beachfront resort reportedly clocks in as Alameda's fourth largest creditor, ranking only behind Amazon Web Services, an international law firm, and Bloomberg. Talk about a Spotify Wrapped. ## Parrothead Mafia It's worth noting that Buffett, a [very wealthy]() man, likely isn't hurting for $50k. But if we were Bankman-Fried, we'd be scared. Not of jail time, but of Buffett's devoted fan base: the Parrotheads. They might mostly be Boomers, but they're an intense crowd with a whole lot of retirement time on their hands. Plus, a lot of them are probably in the Bahamas already, and most of them probably have boats, too — don't even try to skip overseas. You can run, but if you cross their tequila-sipping overlord? There's no hiding from the Parrothead Mafia. They've got no shoes, no shirts, and nothing to lose. **READ MORE:** *[FTX owes more than $55,000 to Jimmy Buffett's Margaritaville beach resort in the Bahamas, bankruptcy filings show]()* \[*Insider*\] **More on FTX:** *[SBF Says His Lawyers Can "Go F\*ck Themselves"]()* ## Author At Futurism, I've reported extensively on the rise of AI as a cultural and business force shaping the media industry, and more broadly how those dynamics are changing how we all consume and share information and relate to one another. I'm also fascinated by public health policy and ethics, the role of emerging tech in politics and governance — and the powerful people and forces at those intersections — climate change, and the environment. My investigation on Sports Illustrated's use of AI-generated authors with fictional biographies won a 2024 Mirror Award for "Best Story on Media Coverage of Artificial Intelligence in Journalism and the Media" from Syracuse University's SI Newhouse School, I contributed to Niemen Lab's 2025 Predictions for Journalism series, and I've discussed my work for Futurism during appearances on NPR, CNN, the BBC, the CBC, and more. I grew up in rural Pennsylvania and attended the University of Massachusetts Amherst, where I played Division I field hockey for the Minutewomen as a midfielder. Since then, I've lived in New Orleans, Louisiana and Manhattan, New York. I spend my free time running, reading, perusing archival fashion, and searching for the world’s best negroni. I also have a debonair tuxedo cat, Westley, who's named after "The Princess Bride." ### Author social links [Bluesky]()