Bankman-Fried Assets of Almost $700 Million May Be Forfeited
- DOJ seizes millions in cash from accounts linked to FTX
- Prosecutors will seek forfeiture of three Binance accounts
Sam Bankman-Fried departs from court in New York, on Jan. 3.
Photographer: Stephanie Keith/BloombergThis article is for subscribers only.
Sam Bankman-Fried’s assets valued at almost $700 million will be subject to forfeiture if he’s found guilty of fraud, according to federal prosecutors leading the case against the FTX founder.
In a court filing Friday, the US Attorney for the Southern District of New York, Damian Williams, outlined 10 accounts, with a mix of shares, cash and cryptocurrency subject to forfeiture.