- Sam Bankman-Fried will have to give up roughly $700 million in assets if he’s found guilty of fraud.
- US prosecutors have already seized over $500 million in Robinhood shares from him, per a court filing Friday.
- The FTX founder has pleaded not guilty to eight criminal charges alleging he misused customer funds.
Disgraced FTX founder Sam Bankman-Fried will have to give up around $700 million worth of assets if he’s found guilty of fraud, going by a court document filed by US prosecutors.
Federal prosecutors seized most of the assets listed in the Friday filing from Bankman-Fried earlier this month – including around 55 million Robinhood shares that were worth $526 million as of Friday’s closing bell.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased