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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

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