Share this article
US Lays Claim to $700M of Assets Linked to Bankman-Fried, FTX
The U.S. and is now seeking their forfeiture.
By Danny Nelson
Updated Jan 23, 2023, 3:20 p.m. Published Jan 20, 2023, 11:25 p.m.
The U.S. government wants to take control of nearly $700 million of assets it seized earlier this month from former FTX CEO Sam Bankman-Fried, according to court filings Friday.
Included in the property are over 55 million Robinhood Markets (HOOD) shares worth about $525 million. Bought with borrowed Alameda money, those shares were at the center of a fight involving Bankman-Fried, FTX Group and BlockFi. Officials are also moving to claim $171 million in cash from a series of bank accounts linked to Bankman-Fried’s web of companies.
STORY CONTINUES BELOW
The government seized those assets and more in early January and are now seeking their forfeiture, per a bill of particulars filed late Friday in Bankman-Fried’s criminal case.
“We believe that these assets are not property in the bankruptcy estate” or are subject to exemptions, meaning they don't have to be frozen like most FTX assets are, pending wind-up, a government lawyer previously told the judge in this case.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
U.S. Senate's Crypto Market Structure Bill Gets Messy as Calendar Weighs Down
The White House has shut down proposals, and lawmakers are circulating the Democrats' asks in what had been a close negotiation, revealing 11th-hour pressure.
What to know:
- Democrats shared a response to Republicans outlining their continuing priorities for a crypto market structure bill, which they said was intended to "reach an agreement and proceed towards a mark-up."
- The document laid out concerns with financial stability, market integrity and public officials' ability to trade and profit off of crypto, echoing concerns laid out in a framework Democrats shared in September.
- The Senate is running out of time in the Congressional calendar to hold a markup hearing — a key step toward progressing the bill — before 2025 ends.
Top Stories
