Court Orders Forfeiture of $1 Billion in Sam Bankman-Fried’s Assets
A federal court has detailed the extensive assets of Sam Bankman-Fried prior to his conviction for fraud. The U.S. government seized approximately $1 billion in financial assets and two aircraft.
The final order of forfeiture revealed Bankman-Fried's ownership in numerous properties and significant crypto holdings, including:
- $56 million in Ripple-connected tokens
- $3.6 million in Tron
- $3.4 million in Cardano
- $2.3 million in bitcoin
- $606 million from Robinhood stock held by Emergent Fidelity Technologies
- $119 million in Tether (USDT) at Binance
- $21 million at Marex for Emergent Fidelity Technologies
- $50 million at Moonstone Bank for FTX Digital Markets
- $101 million at Silvergate for FTX Digital Markets
- $7 million at Flagstar Bank
Additionally, the forfeited assets included two private jets: a 2009 Bombardier Global 5000 and a 2006 Embraer Legacy.
The court document also listed over 250 political donations that were retracted, indicating Bankman-Fried or other FTX executives contributed to many congressional campaigns.
On the same day, FTX began initial payouts from its bankruptcy proceedings, distributing $1.2 billion to creditors, who are set to recover about 119% of their original account balances from the 2022 collapse.