rewrite this content using a minimum of 1000 words and keep HTML tags
A US court has officially confiscated around $1 billion in assets linked to Sam Bankman-Fried, also known as SBF.
The assets include a stake in Robinhood, cryptocurrency holdings, private jets, and political donations. The forfeiture was outlined in a court order, Final Order of Forfeiture as to Specific Property, issued on February 18, 2025, by the Southern District of New York.
One of the biggest assets seized was 55.2 million shares of Robinhood. The US Department of Justice took control of these shares in January 2023, and later, Robinhood repurchased them for $605.7 million.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What are dApps in Crypto? (Explained with Animations)
The forfeiture extended to large cryptocurrency holdings stored in Binance.US
$6.91M
and traditional bank accounts. The seized digital assets included millions in Bitcoin
$97,074.94
, Ethereum
$2,732.27
, Tether’s USDT
$0.9982
, Dogecoin
$0.2530
, and Cardano
$0.7816
.
The order also included two private planes—a Bombardier Global 5000 and an Embraer Legacy. Additional assets tied to Alameda Research, the trading firm SBF co-founded, were also confiscated.
Furthermore, authorities detailed a list of political donations made by SBF or directed by him through other FTX executives, including Ryan Salame and Nishad Singh. The donations, which had gone to various political campaigns and organizations, were returned to the government.
On the same day as the court order, FTX began repayments to creditors—a group classified under “Convenience Class”. It also announced the next round of payouts. When will it occur? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
![[gpt3]rewrite this title and make it good for SEOSpain cancels 207m arms deal with Rafael[/gpt3]](https://i3.wp.com/res.cloudinary.com/globes/image/upload/t_800X392/v1726042821/direct/2024-07-19T000000Z_844433882_MT1IMGOST0000WXU6P_RTRMADP_3_IMAGO-IMAGES_p2mu2x.jpg?w=120&resize=120,86&ssl=1 "[gpt3]rewrite this title and make it good for SEOSpain cancels 207m arms deal with Rafael[/gpt3]")
:max_bytes(150000):strip_icc()/Health-GettyImages-1870216238-bfdf23f63266469a80ea9b54261ae4e7.jpg?w=120&resize=120,86&ssl=1 "rewrite this title 4 Simple Exercises To Ease Vertigo Symptoms")
