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A US court has officially confiscated around $1 billion in assets linked to Sam Bankman-Fried, also known as SBF.
The assets include a stake in Robinhood, cryptocurrency holdings, private jets, and political donations. The forfeiture was outlined in a court order, Final Order of Forfeiture as to Specific Property, issued on February 18, 2025, by the Southern District of New York.
One of the biggest assets seized was 55.2 million shares of Robinhood. The US Department of Justice took control of these shares in January 2023, and later, Robinhood repurchased them for $605.7 million.
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The forfeiture extended to large cryptocurrency holdings stored in Binance.US
The order also included two private planes—a Bombardier Global 5000 and an Embraer Legacy. Additional assets tied to Alameda Research, the trading firm SBF co-founded, were also confiscated.
Furthermore, authorities detailed a list of political donations made by SBF or directed by him through other FTX executives, including Ryan Salame and Nishad Singh. The donations, which had gone to various political campaigns and organizations, were returned to the government.
On the same day as the court order, FTX began repayments to creditors—a group classified under "Convenience Class". It also announced the next round of payouts. When will it occur? Read the full story.
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