Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Federal Authorities Seized About $700 Million From FTX Founder Bankman-Fried
Abstract：Federal authorities took roughly $700 million in assets from FTX founder Sam Bankman-Fried in January, mostly in the form of Robinhood stock.
According to a Friday court filing, federal authorities took roughly $700 million in assets from FTX founder Sam Bankman-Fried in January, mostly in the form of Robinhood stock.
Bankman-Fried has pled not guilty to fraud charges after being accused of stealing billions of dollars from FTX clients to settle debts acquired by his crypto-focused hedge fund. He is due to stand trial in October.
The most recent asset seizure revealed by the DOJ occurred on Thursday when authorities confiscated $94.5 million in cash from a Silvergate Bank account affiliated with FTX Digital Markets, FTX's Bahamas subsidiary. More than $7 million was confiscated by the DOJ from additional Silvergate accounts linked to Bankman-Fried and FTX.
Previously, the DOJ confiscated approximately $50 million from an FTX Digital Markets account at Moonstone Bank, a tiny Washington state bank.
The DOJ also said that assets in three Binance accounts linked to Bankman-Fried were subject to criminal forfeiture, but did not offer an estimate of their worth.
Furthermore, the Department of Justice announced the seizure of Robinhood shares earlier this month, but it gave a more comprehensive list of confiscated assets on Friday, including cash held at multiple banks and assets placed at cryptocurrency exchange Binance.
The ownership of the confiscated Robinhood shares, worth around $525 million, has been a source of contention between Bankman-Fried, FTX, and the insolvent crypto lender BlockFi.
Stay tuned for more FTX news.
You can install the WikiFX App on your mobile phones through the download link below or from the App Store or Google Play Store.
Download link: https://www.wikifx.com/en/download.html
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Fraud Alert
Scam Alert
Cryptocurrency
Blockchain
Bitcoin
Ethereum
CFDs
indices
commodities
forex market
knowledge
Dealer
Broker
Read more
Seacrest Markets Exposed: Are You Facing Payout Denials and Spread Issues with This Prop Firm?
Seacrest Markets has garnered wrath from traders owing to a variety of reasons, including payout denials for traders winning trading challenges, high slippage causing losses, the lack of response from the customer support official to address withdrawal issues, and more. Irritated by these trading inefficiencies, a lot of traders have given a negative review of Seacrest Markets prop firm. In this article, we have shared some of them. Take a look!
Original 6h
GKFX Review: Are Traders Facing Slippage and Account Freeze Issues?
Witnessing capital losses despite tall investment return assurances by GKFX officials? Do these officials sound too difficult for you to judge, whether they offer real or fake advice? Do you encounter slippage issues causing a profit reduction on the GKFX login? Is account freezing usual at GKFX? Does the United Kingdom-based forex broker prevent you from accessing withdrawals? You are not alone! In this GKFX review guide, we have shared the complaints. Take a look!
Original 7h
Is Seaprimecapitals Regulated? A Complete Look at Its Safety and How It Works
The straightforward answer to this important question is no. Seaprimecapitals works as a broker without proper regulation. This fact is the most important thing any trader needs to know, because it creates serious risks for your capital and how safely the company operates. While this broker offers some good features, like the popular MetaTrader 5 platform and a low starting deposit, these benefits cannot make up for the major risks that come from having no real financial supervision. This article will give you a detailed, fact-based look at Seaprimecapitals regulation, what the company claims to do, the services it provides, and the clear differences between official information and user reviews. Our purpose is to give you the information you need to make a smart decision about the risks and benefits of working with this company.
Original 9h
Major Complaints of MUFG Broker in 2025 You Shouldn’t Ignore
2025 is about to end, and if you still want to be a trader or investor and are looking for a broker to invest with. It is important to read real user complaints first. This will help you understand the kind of problems users are facing with MUFG broker. In this article, we will tell you about the major complaints users have reported about MUFG in 2025, so you know what to watch out for. Do not ignore this MUFG broker article and understand the problems.
Original 9h
WikiFX Broker
Latest News
IEXS Review 2025: A Complete Expert Analysis
WikiFXIEXS Regulation: A Complete Guide to Its Licenses and Safety Warnings
WikiFX【WikiEXPO Global Expert Interviews】Ashish Kumar Singh: Building a Responsible and Interoperable Web3
WikiFXCySEC Flags 21 Unauthorized Broker Websites in 2025 Crackdown
WikiFXCQG Partners with Webull Singapore to Power the Broker’s New Futures Trading Offering
WikiFXWinproFx Withdrawal Problems: A Complete Look at Delays and User Reports
WikiFXFactory Orders Data Show Rebound In August
WikiFXInteractive Brokers Expands Access to Taipei Exchange
WikiFXSimulated Trading Competition Experience Sharing
WikiFXWinproFx Regulation: A Complete Guide to Its Licensing and Safety for Traders
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate