A US court docket has formally confiscated round $1 billion in belongings linked to Sam Bankman-Fried, also referred to as SBF.
The belongings embody a stake in Robinhood, cryptocurrency holdings, personal jets, and political donations. The forfeiture was outlined in a court docket order, Closing Order of Forfeiture as to Particular Property, issued on February 18, 2025, by the Southern District of New York.
One of many greatest belongings seized was 55.2 million shares of Robinhood. The US Division of Justice took management of those shares in January 2023, and later, Robinhood repurchased them for $605.7 million.
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The forfeiture prolonged to giant cryptocurrency holdings saved in Binance.US
$6.91M
and conventional financial institution accounts. The seized digital belongings included tens of millions in Bitcoin
$97,119.31
, Ethereum
$2,736.52
, Tether’s USDT
$0.9979
, Dogecoin
$0.2540
, and Cardano
$0.7851
.
The order additionally included two personal planes—a Bombardier International 5000 and an Embraer Legacy. Further belongings tied to Alameda Analysis, the buying and selling agency SBF co-founded, had been additionally confiscated.
Moreover, authorities detailed a listing of political donations made by SBF or directed by him by different FTX executives, together with Ryan Salame and Nishad Singh. The donations, which had gone to varied political campaigns and organizations, had been returned to the federal government.
On the identical day because the court docket order, FTX started repayments to collectors—a gaggle labeled underneath “Comfort Class”. It additionally introduced the subsequent spherical of payouts. When will it happen? Learn the total story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Warfare II period.With near a decade of expertise within the FinTech trade, Aaron understands the entire greatest points and struggles that crypto fanatics face. He’s a passionate analyst who is anxious with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and trade newcomers.Aaron is the go-to particular person for all the pieces and something associated to digital currencies. With an enormous ardour for blockchain & Web3 training, Aaron strives to rework the house as we all know it, and make it extra approachable to finish freshmen.Aaron has been quoted by a number of established shops, and is a broadcast creator himself. Even throughout his free time, he enjoys researching the market traits, and searching for the subsequent supernova.
