Nearly $700M seized by US from FTX founder Samuel Bankman-Fried: Officials

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 94%

United States Headlines News

United States Latest News,United States Headlines

The federal government has seized nearly $700 million from FTX founder Samuel Bankman-Fried since his alleged fraud was uncovered last year.

A majority of the funds, around 55 million shares worth $525 million, were taken from the cryptocurrency and stock trading platform Robinhood. The feds also recovered more than $170 million in cash from several bank accounts, according to a court filing published on Friday.Damian Williams, the U.S. Attorney for the Southern District of New York, revealed in the filing that all of the money was in U.S.

Bankman-Fried had also allegedly misused billions of dollars in client funds that were transferred prior to the collapse, which prosecutors allege he used to buy real estate and make political donations. "FTX US remains fully solvent and should be able to return all customers’ funds. FTX International has many billions of dollars of assets, and I am dedicating nearly all of my personal assets to customers," Bankman-Fried explained in blog post earlier this month.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Has Joe's Campaign given any back yet?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Feds Seize Almost $700 Million of FTX Assets in Sam Bankman-Fried Criminal CaseFederal prosecutors seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, court filings from Friday show, primarily in the form of Robinhood shares. Can we put that money to good use and. It in the politicians pockets for their use. Thanks! Oh how nice…..p o s $SI is the on/off ramp for illicit finance funding political corruption, money laundering, frauds, scams, and terrorism financing. DOJCrimDiv FBI SDNYnews
Source: NBCLA - 🏆 319. / 59 Read more »

Top Republican Patrick McHenry calls FTX founder Sam Bankman-Fried a 'world-class sociopath'The new chairman of the House Financial Services Committee said on 'The Takeout' this week that Bankman-Fried has 'proven himself to be untrustworthy by his actions,' and 'no word he utters should be believed.' Like Biden……
Source: CBSNews - 🏆 87. / 68 Read more »

FTX bankruptcy lawyer: debtors face 'assault by Twitter' stemming from Sam Bankman-FriedTwitter war erupts as FTX bankruptcy case heats up. Former CEO Sam Bankman-Fried faces criticism for social media activity targeting the law firm representing debtors. some hot stuff out here 🐹 Did i miss the 'war'? SBF and his amphetamine psychosis + lack of morals is getting pretty tiring
Source: Cointelegraph - 🏆 562. / 51 Read more »

FTX founder Bankman-Fried's lawyers say car rammed barricades outside homeA car with three occupants recently drove into a barricade outside the California home owned by Sam Bankman-Fried's parents, an apparent attempt to gain access to the property where the founder of crypto exchange FTX is under house arrest​. Here’s to having to babysit this guy in Palo Alto while at work; and knowing I’ll have to process the criminal complaints; here we go!! Gimme my money back is all they were trying to say yes? So me the video footage. Oh wait the camera wasnt working
Source: KPIXtv - 🏆 443. / 53 Read more »

U.S. Lays Claim to $700 Million of Assets Linked to Bankman-Fried, FTXJUST IN: U.S. prosecutors are seeking to take control of nearly $700 million in assets linked to Sam-Bankman-Fried and FTX. realDannyNelson reports realDannyNelson look at those beady little eyes. such a thief realDannyNelson to the royal bank of biden realDannyNelson 📰 BREAKING: U.S. prosecutors are seeking to take control of nearly $700 million in assets linked to Sam Bankman-Fried and FTX according to realDannyN
Source: CoinDesk - 🏆 291. / 63 Read more »

Feds seized nearly $700 million from FTX founder Bankman-FriedFederal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing. Good! Does that mean that he is a fried bankman now ? Just another con man.
Source: Reuters - 🏆 2. / 97 Read more »