February 22, 2025
Private Jets, Political Cash Among $ 1b in Sam Bankman-Fried's Forfeited Assets: Court thumbnail
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Private Jets, Political Cash Among $ 1b in Sam Bankman-Fried’s Forfeited Assets: Court

A Federal Court ConfirMed The Final Tally of SBF Assets The Government Staged A Claim To, Incling $ 606 Million in Robinhood Stock Sales and Two Private Jets.”, – WRITE: www.coindesk.com

A Federal Court ConfirMed The Final Tally of SBF Assets The Government Staged A Claim To, Incling $ 606 Million in Robinhood Stock Sales and Two Private Jets.Updated Feb 19, 2025, 4:33 AM UTCPUBLISHED FEB 19, 2025, 2:00 PM UTC

A Federal Court Has Outlined Just How EXTENSIV SAM BANKMAN-FRIED’S ASSETS WERE BEFORE The YOUNG CEO OF FTX WAS TRIED AND IMPRISONED FOR FRAU Financial Assets and Two Aircraft.

The Final Order of Forfeiture Issued on Tuesday by the US District Court for the Southern District of New York Formally Severed Bankman-Friered’s Ownership Stake in A PAPERTY LISTY The Court Document Revealed The Wide Swath of Assets The One-Time Billionaire Claimed Ownership in, Including Extension Crypto Holdings of Anameda Research, The Trading FIRM SBF.

From the Many Pages of Cryptocurrencies, Alomeda’s Assets at Binance Included $ 56 Million in Ripple-Connected Token (XRP), $ 3.6 Million of Trox (TRX), $ 3.4 (BTC) and Dozens of Other, Account to the Accounting.

The Weightst Holding Detailed Among the Assets Were the Proceeds from the Sale of Robinhood Stock-$ 606 Million Held by Bankman-Fried’s Emergen Fidelity Technologies.

Other Financial Assets Included:

  • $ 119 Million in Tether (USDT) HELD AT BINANCE FOR ALAMEDA RECEARCH
  • $ 21 Million at Marex Held for Emergen Fidelity Technologies
  • $ 50 Million at Moonstone Bank for FTX Digital Markets
  • $ 101 Million at Silvergate for FTX Digital Markets
  • $ 7 Million at Flagstar Bank for SBF and Another Individual

The Accounting of Forfeited Assets Also Included Two Private Jets: A 2009 Bombardier Global 5000 and A 2006 Embraer Legacy.

The Court Document Also Detailed An Extensive List of More than 250 Political Donations that Had been Pulled Back from the Campaigns and the Organizations that Receive ther. Gave Under SBF’s Direction. At one point, one in Three Members of Congress Durying the Last Session Were Recipients of Money from Bankman-Fried or Other FTX Executives, And They Gave to An Extensive ARRAY.

Also on Tuesday, The First Payouts Began in the Bankring of FTX, with $ 1.2 Billion Going Out to Those Were Were Owed Relative Small Amounts. They Set to Recover About 119% of Whaty’d Initial Had in Their Accounts Durying The 2022 Collaps, Missing Out On the Huge Upswing in Crypto Markets Since.

Jesse HamiltonJesse Hamilton is Coindesk’s DEPUTY Managing Editor On the Global Policy and Regulation Team, Based in Washington, DC Before Joinga Coindesk in 2022, He Worked For More Thon. News and Businessweek, Writing About the Early Whisperings Among Federal Agencies Trying to Decide What to Do About Crypto. He’s Won Several National Honors in His Reporting Career, Including from His Time As A War Correspondent in Iraq and As A Police Reporter for Newspapers. Jesse is a graduate of Western Washington University, WHERE HE STUDIED Journalism and History. He have no crypto holdings.

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Jesse Hamilton

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