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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

By

Ava Benny-Morrison

January 20, 2023, 11:15 PM UTC

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.