The US government seizes nearly $700 million in assets belonging to Sam Bankman-Fried.

CNBC Reportedly, federal prosecutors have seized nearly $700 million in assets belonging to Sam Bankman-Fried. co-founder of FTX, the information comes from court documents filed on Friday. which showed the seizure of more than $697 million in cash and other assets.

Bankman-Fried’s Robinhood stock is the majority of the assets, according to the report. previously owned The ownership of those assets has been taken over for several months. But is now in the care of the US government.

CNBC reported that the seized assets included three accounts at Silvergate Bank under the name FTX Digital Markets, and the report said nearly $50 million of funds held by Moonstone Bank, a U.S. financial institution with ties to FTX executives, were also seized. Seized by the United States Attorney within the same time frame.

However, the specifics of all the assets seized have not been disclosed. Only Robinhood accounts and stock have been reported to have been seized.

refer : LINK
picture LINK

The post US Government Seizes Nearly $700 Million in Assets Owned by Sam Bankman-Fried appeared first on Bitcoin Addict.

source site