A Federal Court has described how extensive were the assets of Sam Bankman-Fried before the young CEO of FTX was tried and imprisoned for fraud, and the government got to confiscate approximately $ 1 billion in financial assets and two aircraft.
The final confiscation order issued on Tuesday by the US District Court for the Southern District of New York formally cut the participation of Bankman-Fried’s property in a list of dozens of pages. The court document revealed the wide strip of the assets in which the billionaire claimed the property, including the extensive Cryptography holdings of Alameda Research, co -founded the SBF commercial firm.
From the many pages of the cryptocurrencies, the assets of Alameda in Binance included $ 56 million in token connected to undulation (XRP), $ 3.6 million tron (TRX), $ 3.4 million cardano (ADA), $ 2.3 million in Bitcoin (BTC) and dozens of others, according to accounting.
The heaviest participation among the assets were the income of the sale of Robinhood shares, $ 606 million in the possession of the emerging Bankman-Fried Technologies.
Other financial assets include:
- $ 119 million in Tether (USDT) held in Binance for Alameda Research
- $ 21 million in Marex held for emerging fidelity technologies
- $ 50 million in Moonstone Bank for FTX digital markets
- $ 101 million in Silvergate for FTX digital markets
- $ 7 million in Flagstar Bank for SBF and another individual
The accounting of lost assets also included two private airplanes: a 5000 2009 Global Bombardier and a 2006 Legacy Embraer.
The judicial document also detailed an extensive list of more than 250 political donations that had retired from the campaigns and organizations that received them, including the amounts that other FTX executives allegedly gave under the direction of SBF. At one time, one in three members of the Congress during the last session received money from Bankman Fritos or other FTX executives, and also gave an extensive variety of state political organizations.
Also on Tuesday, the first payments began in the bankruptcy of FTX, with $ 1.2 billion to those who were owed relatively small amounts. They were prepared to recover about 119% of what they had initially had in their accounts during the collapse of 2022, losing the great rise in cryptographic markets since then.
