Express

U.S. Government Seizes $700 Million of Assets From Sam Bankman-Fried

Katie Lin

Summary: The U.S. government is seeking the forfeiture of nearly $700 million worth of assets from former FTX CEO Sam Bankman-Fried, according to court filings on Friday. The assets include 55 million Robinhood shares worth about $525 million and $171 million in cash bank accounts linked to Bankman-Fried’s companies. “We believe that these assets are not ...

The U.S. government is seeking the forfeiture of nearly $700 million worth of assets from former FTX CEO Sam Bankman-Fried, according to court filings on Friday.

The assets include 55 million Robinhood shares worth about $525 million and $171 million in cash bank accounts linked to Bankman-Fried’s companies.

“We believe that these assets are not property in the bankruptcy estate,” a government lawyer said.

Author: Katie Lin

Last Update:

Tags: ,,,
Link: U.S. Government Seizes $700 Million of Assets From Sam Bankman-Fried   [Copy]
  • ETHDenver 3/1 Day in Review 15 hours ago
  • ETHDenver 2/29 Day in Review 2 days ago
  • EthDenver 2/28 Day in Review 3 days ago
  • Are We in the Next Big Bull Market? 4 days ago
  • Uniswap Fee Distribution: A Legal Breakthrough for DeFi? 7 days ago
  • You need to login to comment.