CandleFocus Private Jets, Political Cash Among $1B in Sam Bankman-Fried's Forfeited Assets: Court
2025-02-19
Author: Content Editor
The federal court has issued a final order of forfeiture outlining the extensive assets owned by Sam Bankman-Fried, the CEO of FTX, before he was tried and imprisoned for fraud. The court document revealed that Bankman-Fried's assets included crypto holdings in Alameda Research, such as $56 million in XRP, $3.6 million in TRX, $3.4 million in ADA, and $2.3 million in BTC. The accounting of forfeited assets also included $606 million from the sale of Robinhood stock, as well as two private jets. The court document also mentioned a list of more than 250 political donations that were pulled back. In addition, the first payouts began in the bankruptcy of FTX, with $1.2 billion going out to creditors, although they missed out on the recent upswing in crypto markets.
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