The federal government has seized much more than $600 million in property from disgraced cryptocurrency govt Sam-Bankman Fried this thirty day period, in accordance to a new court filing.
The seizures are component of the felony situation against Bankman-Fried, 30, who has pleaded not guilty to fraud and conspiracy charges linked to the alleged theft of billions of dollars from buyers of and buyers in FTX, the now-bankrupt crypto trade he started .
Federal prosecutors presented on Friday a list of belongings subject to forfeiture as a end result of the criminal prices, like income held in various banking companies and accounts alongside with a lot more than 55 million Robinhood shares.
The most latest seizure came on Thursday, when the governing administration took $94,570,490.63 in US currency held at Silvergate Lender, in accordance to the filing. Various Binance accounts have also been seized, the submitting displays, though their values were not involved.
Previous FTX CEO Sam Bankman-Fried, who faces fraud rates around the collapse of the bankrupt cryptocurrency trade, comes on the working day of a hearing at Manhattan federal court in New York Metropolis, Jan. 3, 2023.
David Dee Delgado/Reuters, FILE
Bankman-Fried has been charged with eight counts of fraud and conspiracy. Federal prosecutors have alleged Bankman-Fried orchestrated a single of the “major economic frauds in American background” by steering billions in FTX client and investor income and funneling it to his privately managed hedge fund Alameda Study.
Other money were being made use of to obtain lavish real estate and to make tens of hundreds of thousands in political donations, court docket information mentioned.
It is tentatively scheduled to stand demo in October.
Bankman-Fried was extradited from the Bahamas, where by he lived in a multimillion-dollar mansion, on Dec. 21.
Ahead of his judgment very last thirty day period, Bankman-Fried insisted in several interviews, which include one particular with ABC News, that he did not know about any inappropriate use of cash from FTX consumers.
In the ABC News job interview, Bankman-Fried explained to George Stephanopoulos that he has just a single ATM card and “$100,000 still left in my lender account.”
“That’s honestly, to my awareness, that’s what I have,” he reported.
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