The US Federal Court ordered the seizure of nearly one billion dollars of financial assets and two special planes from Sam Benkman Farid (SBF), founder of the Crypto Exchange FTX team.
The court begins to seize SBF assets
The final confiscation order, issued by the southern American province in New York, included the wide assets that will be lost. The list also includes a large amount of the cryptocurrency held by Alaameda Research, the commercial company that has been established in its founding.
Moreover, among the seized encryption assets, Alaeda holdings on Binance include the following: $ 56 million in XRP, $ 3.6 million in TRX, $ 3.4 million in ADA, $ 2.3 million in BTC, and many other symbols, as documented In the accounting records of the court. It should be noted that the largest lost assets are $ 606 million in the Robinhood shares of the SBF, Dreament Federation Technologies.
According to to requestOther financial assets seized $ 1.19 billion in Usdt held by Alameeda Research on Binance, 21 million dollars by Emergent Federation Technologies in Marex. Moreover, $ 50 million was seized at Moonstone Bank by FTX Digital Markets, $ 101 million in Silvergate by FTX Digital Markets and $ 7 million in Flagstar Bank that SBF and another individual.
In addition to the financial assets, the court also seized two private planes, in 2009, Bombardier Global 5000 and 2006 Legasi.
The confiscation documents reveal more than 250 political contributions made by SBF and other FTX executives, which have since been withdrawn from the activities and organizations of the campaign for the recipient. Note that these donations were offered to the members of the US Congress and political organizations at the state level, where a third of the members of Congress receives donations from SBF or other executives on the stock exchange now.
Also read: My father SBF in talks with those familiar with Trump about the pardon: Sources
