JUST IN: U.S. prosecutors are seeking to take control of nearly $700 million in assets linked to Sam-Bankman-Fried and FTX. realDannyNelson reports
The U.S. government wants to take control of nearly $700 million of assets it seized earlier this month from former FTX CEO Sam Bankman-Fried, according to court filings Friday.
Included in the property are over 55 million Robinhood shares worth about $525 million. Bought with borrowed Alameda money, those shares were at the center of a fight between Bankman-Fried, FTX Group and BlockFi. Officials are also moving to claim $171 million in cash from a series of bank accounts linked to Bankman-Fried’s web of companies.
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