It all came crashing down in early November, when Bankman-Fried saw the bulk of his net worth drop from $15.6 billion to $1 billion in a single day — after news broke that his cryptocurrency exchange, FTX, needed a bailout.Now, it's come out that as much as $2 billion in customer funds are missing — and questions are arising over just how Bankman-Fried bankrolled his high-end lifestyle, with lawyers now arguing that the former mogul, known as SBF, appeared to have run FTX like a "personal fiefdom."Sullivan & Cromwell restructuring partner James Brumley, a lawyer on FTX's bankruptcy team, told a US court this week that "substantial amounts of money were spent on things not related to the business," a recording of the Tuesday hearing reviewed by Insider showed.The company's new CEO, John J. Ray III, a lawyer who's guiding it through bankruptcy, said Tuesday that FTX would reorganize or sell FTX's assets around the world and had already received interest from potential buyers.Sullivan & Cromwell restructuring partner James Bromley, a lawyer on FTX's bankruptcy team, said that one of the US arms of the company "purchased almost $300 million worth of real estate in the Bahamas.""