https://sputnikglobe.com/20230123/us-seizes-over-600mln-in-assets-from-founder-of-crypto-exchange-ftx-reports-say-1106612323.html
US Seizes Over $600Mln in Assets From Founder of Crypto Exchange FTX, Reports Say
US Seizes Over $600Mln in Assets From Founder of Crypto Exchange FTX, Reports Say
Sputnik International
The US federal authorities seized more than $600 million in assets belonging to the founder of now-defunct cryptocurrency exchange FTX
2023-01-23T10:22+0000
2023-01-23T10:22+0000
2023-01-23T10:23+0000
us
sam bankman-fried
ftx
economy
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Sam Bankman-Fried was arrested in the Bahamas in December at the behest of the Justice Department and charged with eight counts of fraud. He is accused of defrauding clients and investors of his crypto trading firm of billions of dollars. Court records seen by US media show that US prosecutors provided a list of assets subject to forfeiture, including cash held in several banks and more than 55 million Robinhood Markets shares. Several Binance accounts were also seized, although their values were not included. Bankman-Fried is scheduled to stand trial in October. The US alleges that the 30-year-old Californian orchestrated one of the biggest financial frauds in American history by steering billions in FTX investors' money into his hedge fund, Alameda Research. He has denied any wrongdoing.
https://sputnikglobe.com/20221212/ftx-founder-sam-bankman-fried-arrested-by-bahamian-authorities-after-us-files-criminal-charges-1105402625.html
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defrauding clients and investors, crypto trading firm of billions of dollars
defrauding clients and investors, crypto trading firm of billions of dollars
US Seizes Over $600Mln in Assets From Founder of Crypto Exchange FTX, Reports Say
10:22 GMT 23.01.2023 (Updated: 10:23 GMT 23.01.2023) MOSCOW (Sputnik) - The US federal authorities seized more than $600 million in assets belonging to the founder of now-defunct cryptocurrency exchange FTX, media reported.
Sam Bankman-Fried was arrested in the Bahamas in December at the behest of the Justice Department and charged with eight counts of fraud. He is accused of defrauding clients and investors of his crypto trading firm of billions of dollars.
12 December 2022, 23:49 GMT
Court records seen by US media show that US prosecutors provided a list of assets subject to forfeiture, including cash held in several banks and more than 55 million Robinhood Markets shares. Several
Binance accounts were also seized, although their values were not included.
Bankman-Fried is scheduled to stand trial in October. The US alleges that the 30-year-old Californian orchestrated one of the biggest financial frauds in American history by steering billions in FTX investors' money into his hedge fund, Alameda Research. He has denied any wrongdoing.
