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Sam Bankman-Fried, the creator of FTX, had over $700 million in assets seized by federal authorities in January; the majority of them were Robinhood shares, according to a court document filed on Friday.
Bankman-Fried has entered a not guilty plea to fraud charges after being accused of stealing billions of dollars from FTX users to pay off debts accrued by his crypto-focused hedge fund. In October, a trial is expected to take place.
Earlier this month, the Department of Justice made public the confiscation of Robinhood shares; on Friday, it released a more thorough list of confiscated assets, which included cash stored at different banks and assets placed at cryptocurrency exchange Binance.
Bankman-Fried, FTX, and insolvent cryptocurrency lender BlockFi have been at odds over who is the rightful owner of the confiscated Robinhood shares, which are worth roughly $525 million.
The most recent asset seizure noted by the DOJ occurred on Thursday, when investigators seized $94.5 million in cash from a Silvergate Bank account linked to FTX Digital Markets, FTX’s Bahamas-based business. Other Silvergate accounts connected to Bankman-Fried and FTX had more than $7 million seized by the DOJ.
A small bank in Washington state called Moonstone Bank was where the DOJ previously had approximately $50 million taken from an FTX Digital Markets account.
Additionally, the DOJ declared that Bankman-three Fried’s Binance accounts’ assets were subject to criminal forfeiture without offering a valuation for those accounts.
