Feds seize almost $700 million of FTX assets in Sam Bankman-Fried criminal case
Publishing timestamp: 2023-01-20 18:18:37
Summary
Federal prosecutors seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in form of Robinhood shares. John Ray is trying to rescue funds that were lost by crypto company's depositors when firm spiraled into bankruptcy in November. Bankman-Fried has denied misappropriating customer assets. Almost $50 million was custodied at Moonstone Bank. Federal prosecutors did not disclose value of funds or assets in three Binance accounts.
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Keywords: business news, breaking news: technology, silvergate capital corp, robinhood markets inc, breaking news: markets,