U.S. prosecutors seize nearly $700 million from Sam Bankman-Fried

U.S. federal prosecutors have seized assets worth $697 million from FTX founder Sam Bankman-Fried. CNBC reports, citing court documents.

The sum consists largely of 55.2 million Robinhood shares, which are valued at about $526 million (at the close of trading on January 21).

The list also includes three accounts at Silvergate Bank with more than $6 million in the name of the Bahamas-domiciled subsidiary of the exchange FTX Digital Markets. Another nearly $50 million is held at Moonstone Bank.

U.S. authorities also did not disclose the value of assets seized from Binance and its U.S. subsidiary.

Earlier in January, new FTX chief stated that a possible relaunch of the bankrupt trading platform was under consideration. He said a specially formed working group is examining whether reviving the company could create more value for users than liquidating its assets.

Earlier, former FTX US head Brett Harrison accused Sam Bankman-Fried of ‘gaslighting and manipulation’ during their interactions in the development of the U.S. subsidiary.

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