US Authorities Seize Almost $700 Million from Sam Bankman-Fried

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US federal prosecutors have seized $697 million in assets from FTX founder Sam Bankman-Fried.

According to the CNBC, the amount consists primarily of 55.2 million shares of Robinhood, which are valued at $526 million.

The list of confiscated assests also includes three Silvergate Bank accounts with more than $6 million in the name of the Bahamian subsidiary of FTX Digital Markets. Almost $50 million more is in the Moonstone bank.

The US authorities have not disclosed the value of the assets seized from the accounts of Binance and its US subsidiary.

The new head of FTX, John Ray, announced earlier this month a possible restart of the bankrupt trading platform.

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