The US Federal Court disclosed extensive details of the assets of Sam Bankman-Fried, the former CEO of FTX, before his trial and imprisonment for fraud. The government seized around $1 billion in financial assets and two airplanes. The final confiscation order canceled Bankman-Fried’s ownership of a long list of assets, including extensive digital currency assets of Alameda Research. These assets included $56 million in Ripple, $3.6 million in Tron, $3.4 million in Cardano, and $2.3 million in BTC on Binance exchange. The largest confiscated asset was $606 million from the sale of Robinhood shares. Two private jets were also seized. The court document included a detailed list of over 250 political donations that have been reclaimed. On the same day, the first payments related to FTX’s bankruptcy began, with $1.2 billion paid to creditors in reduced amounts.
