US federal prosecutors have seized nearly $700 million in assets owned by FTX co-founder Sam Bankman-Fried. According to court documents added to the lawsuit on Friday (20), they show the seizure of more than $697 million in cash and other assets.
The document further shows that the assets were in shares of Robinhood Shares, which were owned by Bankman Fried. The assets that have been disputed over the past few months are now in the custody of the US government.
Exact million
According to CNBC TV, the money was deposited with Silvergate Bank, in an account named FTX Digital Markets. Moreover, the report also identified about $50 million held in Moonstone Bank. The account is registered as a subsidiary in the Bahamas.
However, there is still no information on the conflict of justice between the United States and the Bahamas.