CNBC: Federal prosecutors seize approximately $700 million in assets from SBF

2023-01-21 09:50:06

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ChainCatcher news, according to court documents, federal prosecutors seized $697 million in assets from former FTX CEO and founder SBF this Friday.

These assets primarily consist of Robinhood stock, along with $6 million in SBF's Silvergate bank account and $50 million in a Moonstone bank account. Prosecutors stated that the funds used by SBF to purchase over 55 million shares of Robinhood stock were derived from misappropriated customer funds. (source link)

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