US Feds Confiscate Nearly $700M of Sam Bankman-Fried's Assets: Report

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US Feds Confiscate Nearly $700M of Sam Bankman-Fried's Assets: Report
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The court filings have, so far, disclosed only the accounts and the Robinhood shares.

The United States Federal prosecutors have confiscated nearly $700 million in cash and assets connected to Sam Bankman-Fried, the disgraced founder of FTX.

Assets were seized from one Binance and two Binance.US account numbers, but the Feds have been tight-lipped about the values. Over $20 million held under Emergent Fidelity Technologies was also subjected to forfeiture.FTX’s chief restructuring officer, John J. Ray III, along with its new management, has tracked down billions of dollars of assets linked to the Bankman-Fried’s crypto empire as part of bankruptcy proceedings.

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