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  • gerikson@awful.systemsEnglish
    7·
    6 months ago

    Oliver Habryka, the CEO of Lightcone Infrastructure, told SFGATE that he thinks the escrow company used to buy the property “has been trying to get in contact with FTX and return the $1M funds. My guess is the funds are still with the Escrow company, but I don’t know, we never had any of it.” He also posted a screenshot of a 2022 escrow document for the property on X, which said $1 million would be returned to an FTX-linked company called North Dimension. An escrow company holds funds for the sale of a property while the sale is finalized. Escrow in California typically takes four to eight weeks. It’s not clear why the escrow company in this case might still have the funds.

    I’m beginning to wonder if ole Habby didn’t make a tactical mistake on insisting on this particular point with El Grauniad. OTOH dodgy RE deals are like what made SF.