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Crypto

Bankman-Fried Assets of Almost $700 Million May Be Forfeited

  • DOJ seizes millions in cash from accounts linked to FTX
  • Prosecutors will seek forfeiture of three Binance accounts
Sam Bankman-Fried departs from court in New York, on Jan. 3. 

Sam Bankman-Fried departs from court in New York, on Jan. 3. 

Photographer: Stephanie Keith/Bloomberg

Sam Bankman-Fried’s assets valued at almost $700 million will be subject to forfeiture if he’s found guilty of fraud, according to federal prosecutors leading the case against the FTX founder. 

In a court filing Friday, the US Attorney for the Southern District of New York, Damian Williams, outlined 10 accounts, with a mix of shares, cash and cryptocurrency subject to forfeiture.