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Prosecutors seize $700m in Sam Bankman-Fried assets

Ticker News · 2 years ago
Ticker News
Ticker News
2 years ago

The U.S Justice Department has revealed the seizure of over $500 million worth of Robinhood shares, cash held at various bank and assets that were deposited in crypto exchange Binance. Bankman-Fried has pleaded not guilty to fraud charges. He is scheduled to face trial in October.

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Bankman-Fried Guilty

Former FTX co-founder Sam Bankman-Fried has been found guilty of defrauding investors and customers.