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U.S. Government Seizes $700 Million of Assets From Sam Bankman-Fried
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
Tags: Forfeiture,FTX,SAM BANKMAN-FRIED,Seized
Link: U.S. Government Seizes $700 Million of Assets From Sam Bankman-Fried [Copy]
