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Bankman-Fried, who has been accused of stealing billions of
dollars from FTX customers to pay debts incurred by his
crypto-focused hedge fund, has pleaded not guilty to fraud
charges. He is scheduled to face trial in October.
The Department of Justice revealed the seizure of Robinhood
shares earlier this month, but it provided a more complete list
of seized assets Friday, including cash held at various banks
and assets deposited at crypto exchange Binance.
The ownership of the seized Robinhood shares, valued at about
$525 million, has been the subject of disputes between
Bankman-Fried, FTX, and bankrupt crypto lender BlockFi.
The most recent asset seizure reported by the DOJ took place on
Thursday, when prosecutors seized $94.5 million in cash from an
account at Silvergate Bank which was associated with FTX Digital
Markets, FTX's subsidiary in the Bahamas. The DOJ seized more
than $7 million from other Silvergate accounts associated with
Bankman-Fried and FTX.
The DOJ previously seized nearly $50 million from an FTX Digital
Markets account at Moonstone Bank, a small bank in Washington
state.
DOJ also said that assets in three Binance accounts associated
with Bankman-Fried were subject to criminal forfeiture, but did
not provide an estimate of the value in those accounts.
(Reporting by Dietrich Knauth; Editing by Noeleen Walder and
Daniel Wallis)
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