Former FTX chief executive Sam Bankman-Fried (C) comes to enter a plea prior to US District Choose Lewis Kaplan in the Manhattan federal court docket, New York, January 3, 2023.
Ed Jones | AFP | Getty Visuals
Federal prosecutors seized over $697 million in dollars and property linked to Sam Bankman-Fried, courtroom filings from Friday display, primarily Robinhood shares that had been owned by the FTX founder.
John Ray, who replaced Bankman-Fried as CEO to guideline FTX’s restructuring, is seeking to rescue cash that ended up misplaced by the crypto company’s depositors when the firm spiraled into bankruptcy in November. Bankman-Fried was arrested on prison fraud rates in December and is unveiled on a $250 million bond as he awaits demo.
The 55 million-furthermore Robinhood shares are at the coronary heart of a contentious multi-social gathering fight concerning Caribbean litigants, representatives of bankrupt crypto loan provider BlockFi, Bankman-Fried himself, and FTX’s individual bankruptcy leadership.
3 accounts have been held at Silvergate Lender, in the title of FTX Electronic Marketplaces, holding more than $6 million. Those assets, held in the title of a Bahamian subsidiary, have been seized by the govt “on or about” Jan. 11.
Almost $50 million was custodied at Moonstone Financial institution, a U.S. money institution with ties to FTX management, the court docket submitting exhibits.
Federal prosecutors did not disclose the value of money or property in one particular Binance account and two Binance.US account figures. Those people 3 Binance accounts were the only seized assets that did not have values attached to them.
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