SBF to forfeit $700M worth of assets if found guilty of fraud. Most of SBF’s assets were seized by the government between Jan. 4 and Jan. 19. The biggest allocations include 55,273,469 Robinhood shares worth roughly $525.5 million. Sam Bankman-Fried, founder and CEO of FTX, has pleaded not guilty to all eight criminal charges laid against him. The government has submitted a forfeiture order for the assets of SBF’s company, alleging that they were obtained unlawfully via customer deposits.
SBF to forfeit $700M worth of assets if found guilty of fraud
