U.S. Attorneys Seize $697 Million in SBF Assets

U.S. federal prosecutors seized assets worth $697 million from former FTX CEO SBF on Friday, mostly Robinhood stock worth more than $526 million, according to court documents, CNBC reported. Federal prosecutors allege that the funds used to buy Robinhood stock were misappropriated from customers, and SBF has previously denied misappropriating customer assets. Other assets include three Silvergate bank accounts held in the name of FTX Digital Markets, worth more than $6 million, and nearly $50 million in assets held in Moonstone bank accounts.

Subscribe to MBCAE
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.