Bankman-Fried assets of almost $700 million seized ahead of fraud trial

Bankman-Fried assets of almost $700 million seized ahead of fraud trial

Federal 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. Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, has pleaded not guilty … Read more