Within the early hours right now, the US Federal prosecutors seized practically $700 million in money and belongings that are in reference to FTX founder Sam Bankman-Fried. As per the experiences most of those belongings had been within the type of Robinhood shares held by SBF. Earlier in Might Sam Bankman-Fried had claimed to have acquired a 7.6% stake in Robinhood.
As per the courtroom filings made on Jan 20, federal investigations within the Southern District of New York have taken maintain of FTX’s belongings. Additionally the US prosecutor talked about 10 accounts which have shares, money and cryptocurrency.
Federal Prosecutors Seize $700M From SBF
Following the seizure of $700M from SBF, Dogecoin co-founder Billy Markus and Twitter head Elon Musk have taken this chance to criticize SBF and his stance. Billy Markus penned a sarcastic quote pointing in direction of SBF’s earlier declare the place SBF had claimed to have left with solely $100K.
In reply to Billy Markus’ publish, Elon Musk was fast sufficient to remark with two ROFL emojis. Because the time FTX went out of business, Elon Musk and Billy Markus have been condemning SBF for deceptive traders.
FTX filed its chapter in November 2022 after SBF was charged with utilizing USD that belonged to FTX prospects. Nevertheless, he pleaded not responsible to these fees and is at present underneath home arrest at his mother and father’ place. His subsequent trial is scheduled for October, 2023. Earlier this week the federal prosecutors had seized $100 million from SBF’s Silvergate Financial institution which was linked to Bahamas FTX Digital Markets.