US Government Seizes Nearly $700,000,000 Worth of Sam Bankman-Fried’s Assets As Fraud Investigation Intensifies – The Daily Hodl

A new court filing reveals that US authorities have so far recovered nearly $700,000,000 worth of cash and assets from accounts linked to former crypto golden boy Sam Bankman-Fried. According to a document submitted by U.S. federal prosecutor Damian Williams on January 20th, the US government is now in possession of 55,273,469 shares of Robinhood Markets stocks held by Emergent Fidelity Technologies, Bankman-Fried’s holding company. The Robinhood shares are valued at $526,203,424 at time of writing. Authorities also confiscated $20,746,713.67 from two ED&F Man Capital Markets accounts held in the name of Emergent, $49,999,500 from a Farmington State Bank account