NY In it USA Federal prosecutors seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January. A court document revealed on Friday (local time) that this security is largely made up of Robinhood shares. The US Department of Justice announced the seizure of Robinhood stock earlier this month and released a more comprehensive list of seized assets on Friday.

This includes cash at various banks and assets deposited on the Binance cryptocurrency exchange. The confiscated shares of Robinhood, worth approximately $525 million, were previously the subject of disputes between Bankman-Fried, FTX, and bankrupt crypto lender BlockFi.

Bankman-Fried is accused of stealing billions of dollars from FTX clients to pay off the debt of his cryptocurrency-focused hedge fund. He now has to answer in a New York court for fraud. The 30-year-old pleaded “not guilty” at a first hearing. His trial is scheduled for October.

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