Federal Court Outlines Sam Bankman-Fried’s Extensive Assets

A federal court has revealed the extensive assets of Sam Bankman-Fried before his trial and imprisonment for fraud. The U.S. government seized approximately $1 billion in financial assets and two aircraft.

The final forfeiture order issued on Tuesday by the U.S. District Court for the Southern District of New York formally dissolved Bankman-Fried’s ownership in a property that spans dozens of pages. The court document disclosed the vast array of assets that the former billionaire claimed, including extensive cryptocurrency holdings of Alameda Research, the trading firm co-founded by SBF.

Among the detailed assets were:
– $606 million from the sale of Robinhood stock held by Bankman-Fried’s Emergent Fidelity Technologies.
– $119 million in Tether (USDT) at Binance for Alameda Research.
– $21 million at Marex for Emergent Fidelity Technologies.
– $50 million at Moonstone Bank for FTX Digital Markets.
– $101 million at Silvergate for FTX Digital Markets.
– $7 million at Flagstar Bank for SBF and another individual.

The forfeited assets also included two private jets: a 2009 Bombardier Global 5000 and a 2006 Embraer Legacy.

Additionally, the court detailed over 250 political donations that have been withdrawn, affecting campaigns and organizations that received funds, including some given under SBF’s direction. At one point, one in three Congress members received money from Bankman-Fried or other executives.

On the same day, the first payouts began in the FTX bankruptcy, distributing $1.2 billion to creditors owed relatively small amounts, allowing them to recover about 119% of their initial account balances from the 2022 collapse, missing out on the significant surge in crypto markets since then.