{"id":1825691,"date":"2023-01-27T07:05:01","date_gmt":"2023-01-27T12:05:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1825691"},"modified":"2023-01-27T07:09:14","modified_gmt":"2023-01-27T12:09:14","slug":"feds-seized-nearly-700-million-from-ftx-founder-bankman-fried","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/feds-seized-nearly-700-million-from-ftx-founder-bankman-fried\/","title":{"rendered":"Feds Seized Nearly $700 Million From FTX Founder Bankman-Fried"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffeds-seized-nearly-700-million-from-ftx-founder-bankman-fried%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1825691&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/01\/2023-01-21T005310Z_2_LYNXMPEJ0K008_RTROPTP_4_USA-BANKMANFRIED-1200x800-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\"   style=\"display:none\"><\/div>\n<p>Federal prosecutors have taken nearly $700,000,000 in assets. <a href=\"https:\/\/www.theepochtimes.com\/t-ftx\">FTX<\/a> According to a Friday court filing, Sam Bankman, the founder, died in January largely through Robinhood stock.<\/p>\n<p>Bankman-Fried was accused of stealing billions in money from FTX customers to repay debts incurred through his crypto-focused hedge fund. He has pleaded not guilty. He will be facing trial in October.<\/p>\n<p>Robinhood shares were taken by the Department of Justice in early March. However, Friday&#8217;s list included assets such as cash, assets from Binance, and cash held at other banks.<\/p>\n<p>Bankman-Fried, FTX and BlockFi, a bankruptcy crypto lender, dispute the ownership of the seized Robinhood share, which is estimated at $525m.<\/p>\n<p>The most recent asset seizure reported by the DOJ took place on Thursday, when prosecutors seized $94.5 million in cash from an account at Silvergate Bank which was associated with FTX Digital Markets, FTX\u2019s subsidiary in the Bahamas. The DOJ also seized $7 million from Silvergate accounts that were associated with Bankman-Fried or FTX.<\/p>\n<p>A Moonstone Bank account belonging to FTX Digital markets, a small Washington bank, was previously seized by DOJ.<\/p>\n<p>DOJ also stated that assets in three Binance accounts linked to Bankman-Fried were subjected to criminal forfeiture but did not give an estimate of their value.<\/p>\n<p><em>By Dietrich Knauth<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal prosecutors have taken nearly $700,000,000 in assets. FTX According to a Friday court filing, Sam Bankman, the founder, died in January largely through Robinhood stock. Bankman-Fried was accused of stealing billions in money from FTX customers to repay debts incurred through his crypto-focused hedge fund. He has pleaded not guilty. He will be facing &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1825694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[12678,7176,6617,4148,7334,10713],"class_list":["post-1825691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-12678","tag-bankman-fried","tag-feds","tag-founder","tag-ftx","tag-seized"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1825691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1825691"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1825691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1825694"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1825691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1825691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1825691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}