The Department of Justice has seized $170 million in cash with links to FTX as part of the criminal case into disgraced cryptocurrency executive Sam Bankman-Fried. The money comes on top of $525 million in Robinhood shares the government has seized.
In addition, Williams said the government could seize the holdings in three FTX-linked Binance accounts whose value was not disclosed.
It remains possible that some of the money could be relinquished to the defendant to pay legal fees. Bankman-Fried’s lawyers have said he needs the proceeds from the Robinhood shares to do just that. Meanwhile the company’s restructuring leadership is attempting to track down FTX assets as part of bankruptcy proceedings. New FTX chief executive John J.
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