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Feds Have Seized Around $700M From FTX Ex-CEO SBF

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Sam Bankman-Fried's wealth of nearly $700 million will be seized in the event of his conviction for fraud, as per federal prosecutors leading the investigation in the case against the FTX founder.

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In a court document filed Friday in court, Damian Williams, the US Attorney in the Southern District of New York, Damian Williams, outlined ten accounts that include the possibility of cash, shares, and cryptocurrencies that are subject to forfeiture.

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The pool of assets comprised about 55 million shares Bankman-Fried was holding in Robinhood Markets Inc.

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