Feds seized nearly $700 million from FTX founder Bankman-Fried

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Feds seized nearly $700 million from FTX founder Bankman-Fried

By Dietrich Knauth

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Bankman-Fried attends a hearing on FTX fraud case in New York City
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves following a hearing at Manhattan federal court in New York City, U.S. January 3, 2023. REUTERS/Andrew Kelly

Jan 20 (Reuters) – Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing.

Reporting by Dietrich Knauth; Editing by Noeleen Walder and Daniel Wallis

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