A brand new court docket submitting reveals that US authorities have to date recovered practically $700,000,000 price of money and property from accounts linked to former crypto golden boy Sam Bankman-Fried.
Based on a doc submitted by U.S. federal prosecutor Damian Williams on January twentieth, the US authorities is now in possession of 55,273,469 shares of Robinhood Markets shares held by Emergent Constancy Applied sciences, Bankman-Fried’s holding firm.
The Robinhood shares are valued at $526,203,424 at time of writing.
Authorities additionally confiscated $20,746,713.67 from two ED&F Man Capital Markets accounts held within the title of Emergent, $49,999,500 from a Farmington State Checking account held within the title of FTX Digital Markets and a complete of $9,5290,922 from three separate Silvergate Financial institution accounts additionally held within the title of FTX’s Bahamian subsidiary.
The court docket submitting says that the $692,240,559 price of property that have been seized between January 4th and January nineteenth, together with all monies, property and funds held in three Binance.US accounts, are topic to forfeiture because of the offenses charged towards Bankman-Fried.
The previous FTX CEO was indicted in December over allegations that he misappropriated buyer funds. He was launched on a $250 million bond and is now below home arrest at his dad and mom’ house in Palo Alto, California.
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Featured Picture: Shutterstock/Tuso949/Natalia Siiatovskaia