U.S. Court Seizes More Than $1 Billion In Assets From Sam Bankman-Fried
19 Fevereiro 2025 - 11:48AM
IH Market News
The U.S. District Court for the Southern District of New York
has issued a final order of forfeiture, stripping the former CEO of
cryptocurrency exchange FTX, Sam Bankman-Fried, of a vast array of
assets following his conviction for fraud.
FTX collapsed in early November 2022 after concerns about its
relationship with affiliated trading firm, Alameda Research led to
a surge of customer withdrawals. The next month, the U.S.
government brought civil and criminal charges against Sam
Bankman-Fried and top executives for misappropriating over $8
billion in customer deposits. Bankman-Fried was convicted and
sentenced to 25 years in prison for stealing $8 billion from
customers.
Among the forfeited assets detailed in the court document, the
most substantial was the $606 million worth of Robinhood
(NASDAQ:HOOD) shares held by Bankman-Fried’s company, Emergent
Fidelity Technologies. The court also listed an array of crypto
holdings belonging to Alameda Research, the trading firm co-founded
by Bankman-Fried.
These holdings included $56 million in Ripple (COIN:XRPUSD),
$3.6 million in Tron (COIN:TRXUSD), $3.4 million in Cardano
(COIN:ADAUSD), and $2.3 million in Bitcoin (COIN:BTCUSD), among
various other cryptocurrencies.
The forfeiture also encompassed several high-value financial
assets, such as $119 million in Tether (COIN:USDTUSD) held at
Binance for Alameda Research, $21 million at Marex for Emergent
Fidelity Technologies, $50 million at Moonstone Bank for FTX
Digital Markets, $101 million at Silvergate for FTX Digital
Markets, and $7 million at Flagstar Bank for Bankman-Fried and
another individual.
Additionally, two private jets, a 2009 Bombardier (OTC:BDRBF)
Global 5000 and a 2006 Embraer Legacy, were included in the seized
assets.
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