The federal government seized more than $600 million in assets from disgraced cryptocurrency executive Sam-Bankman Fried this month, according to a new lawsuit.
The seizures are part of the criminal case against Bankman-Fried, 30, who has pleaded not guilty to fraud and conspiracy in connection with the alleged theft of billions of dollars from customers and investors in FTX, the now-bankrupt crypto exchange he owns. set up. .
Federal prosecutors on Friday provided a list of assets that could be forfeited as a result of the criminal charges, including cash in various banks and accounts, along with more than 55 million shares of Robinhood.
The most recent seizure occurred on Thursday, when the government seized $94,570,490.63 in U.S. currency held at Silvergate Bank, according to the filing. Several Binance accounts were also seized, the filing shows, though their values were not included.
Bankman-Fried has been charged with eight counts of fraud and conspiracy. Federal prosecutors have alleged that Bankman-Fried orchestrated one of the “biggest financial frauds in American history” by sending billions in FTX money from clients and investors and funneling it to his private hedge fund Alameda Research.
Other funds were used to buy lavish real estate and make tens of millions in political donations, court records said.
He is tentatively scheduled to stand trial in October.
Bankman-Fried was extradited on Dec. 21 from the Bahamas, where he lived in a multimillion-dollar mansion.
Before his arrest last month, Bankman-Fried insisted in numerous interviews, including one with ABC News, that he knew nothing about any misappropriation of funds from FTX clients.
In the ABC News interview, Bankman-Fried told George Stephanopoulos that he only has one ATM card left and $100,000 is still in my bank account.
“That’s honestly, as far as I know, that’s what I got,” he said.