US regulators seize $700 million linked to FTX founder
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer US regulators seize $700 million linked to FTX founder
According to documents filed in court on Friday, federal authorities seized more than $697 million in cash and assets associated with Sam Bankman Fred.
The majority of these assets were in the form of shares in Robinhood that were owned by the founder of FTX.
Sam Bankman Fred revealed in May that he had acquired a 7.6% stake in Robinhood which at the time looked like an attractive investment.
$700 Million Seized From FTX Founder:
Currently there are 55 million or more shares in Robinhood that lie at the center of a heated legal dispute involving multiple parties, including claimants from the Caribbean, representatives of defunct cryptocurrency lender BlockFi, Sam Bankman Fred himself, and leading FTX bankruptcy proceedings.Read:A Bitcoin Whale Transfers $313 Million from Bittrex
Federal prosecutors claimed that these Robinhood stocks were purchased with money allegedly stolen from FTX clients.
More than $6 million has been seized from three accounts at Silvergate Bank that were in the name of FTX Digital Markets.
These assets, which were previously owned by the Bahamas Corporation, were subsequently acquired by the US government on January 11th.
FTX founder accounts on Binance:
On the other hand, the total value of funds and valuables held in the FTX founder’s account on Binance Global and US Binance accounts has not been disclosed by federal prosecutors.
These three Binance wallets were the only assets confiscated that did not have any significant monetary value.
Focuses John J. Ray, who took over as the new CEO of FTX when Bankman resigned, is now working on reorganizing the company and working to recover the money lost by the company’s depositors.
Sam Bankman-Fred, 30, was arrested in December 2022 on charges of criminal fraud and is currently under house arrest after posting $250 million bail.
Sam Bankman-Fred has pleaded not guilty and is currently awaiting trial, scheduled for October 2, 2023.Read:Find out the latest updates on the Ripple case in the US judiciary
Liquidation of $ 300 million after the price of bitcoin rose to its highest level in 18 weeks!
After the Lido Protocol Shines: Promising LSD Tokens May Rise in the Next 2 Months!
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time