Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to Friday’s court filing.
Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay off debts incurred by her crypto-focused hedge fund, has pleaded not guilty to fraud charges. He is due to face trial in October.
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The Justice Department revealed the seizure of Robinhood shares earlier this month, but it provided a full list of seized assets on Friday, including cash in various banks and assets held at crypto exchange Binance.
The ownership of the seized Robinhood shares, which are worth approximately $525 million, has been the subject of disputes between Bankman-Fried, FTX and bankrupt crypto lender BlockFi.
Read also: FTX Token Jumps After New CEO Says Exchange May Reopen
The most recent asset seizure reported by the DOJ occurred on Thursday, when prosecutors seized $94.5 million in cash from an account at Silvergate Bank linked to FTX Digital Markets, a subsidiary of FTX in the Bahamas. The DOJ seized more than $7 million from Bankman-Fried and other Silvergate accounts linked to FTX.
The DOJ previously seized about $50 million from an FTX Digital Markets account at Moonstone Bank, a small bank in Washington state.
The DOJ also said that assets in three Binance accounts linked to Bankman-Fried were subject to criminal forfeiture, but did not provide an estimate of the value in those accounts.
The text of this story is published from a wire agency feed without any modification.
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