An unidentified buyer or buyers could soon own a property previously linked to defunct cryptocurrency exchange FTX and its former CEO Sam Bankman-Fried in Washington DC in the Capitol Hill neighborhood.

According to an updated post on Realtor.com, the property was DC said as “conditional”, indicating that the party handling the transaction has accepted the offer, but the transaction has not yet been completed. It was said to be a townhouse located near the US Capitol building owned by Guarding Against Pandemicsa non-profit organization founded by Gabriel Bankman-Fried, brother of the former CEO of FTX.

Cointelegraph reported in January that the property was removed from real estate listings after it was allegedly purchased with embezzled FTX user funds. A Realtor.com listing at the time of publication showed a price of $3 million, while available photos did not propose any crypto or blockchain proposal to the house.

Amid the collapse of FTX and criminal charges against Sam Bankman-Fried, US authorities have been investigating assets linked to the crypto exchange and its former CEO, including those used for political donations. Bankman-Fried will faces two criminal proceedings — scheduled for October 2023 and March 2024 — on charges including allegations of campaign finance law violations.

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It’s unclear who is behind the purchase of the D.C. property and what role, if any, the money from the sale might play in FTX’s ongoing bankruptcy case in Delaware County. Gabriel Bankman-Fried allegedly stepped forward as executive director of Guarding Against Pandemics in November 2022. Cointelegraph reached out to the nonprofit but did not receive a response at the time of publication.

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