A US court docket has formally confiscated round $1 billion in property linked to Sam Bankman-Fried, also referred to as SBF.
The property embrace a stake in Robinhood, cryptocurrency holdings, personal jets, and political donations. The forfeiture was outlined in a court docket order, Remaining Order of Forfeiture as to Particular Property, issued on February 18, 2025, by the Southern District of New York.
One of many largest property seized was 55.2 million shares of Robinhood. The US Division of Justice took management of those shares in January 2023, and later, Robinhood repurchased them for $605.7 million.
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The forfeiture prolonged to giant cryptocurrency holdings saved in Binance.US
$6.12M
and conventional financial institution accounts. The seized digital property included hundreds of thousands in Bitcoin
$96,685.69
, Ethereum
$2,756.81
, Tether
$1.00
, Dogecoin
$0.2457
, and Cardano
$0.7758
.
The order additionally included two personal planes—a Bombardier World 5000 and an Embraer Legacy. Further property tied to Alameda Analysis, the buying and selling agency SBF co-founded, have been additionally confiscated.
Moreover, authorities detailed an inventory of political donations made by SBF or directed by him via different FTX executives, together with Ryan Salame and Nishad Singh. The donations, which had gone to numerous political campaigns and organizations, have been returned to the federal government.
On the identical day because the court docket order, FTX started repayments to collectors—a gaggle categorised beneath “Comfort Class”. It additionally introduced the subsequent spherical of payouts. When will it happen? Learn the complete story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Struggle II period.With near a decade of expertise within the FinTech business, Aaron understands all the largest points and struggles that crypto lovers face. He’s a passionate analyst who is worried with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.Aaron is the go-to individual for all the things and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to remodel the area as we all know it, and make it extra approachable to finish rookies.Aaron has been quoted by a number of established shops, and is a printed writer himself. Even throughout his free time, he enjoys researching the market tendencies, and searching for the subsequent supernova.
