Court documents reveal breakdown of SBF's seized assets, including approximately $1 billion in financial assets and two private jets
<p>Odaily News Before SBF was tried and jailed for fraud, a federal court outlined the size of his assets, and the government subsequently moved in to seize approximately $1 billion in financial assets and two aircraft.<br/> On Tuesday, a final forfeiture order issued by the U.S. District Court for the Southern District of New York formally severed SBF’s ownership of a dozens-page list of properties. The court documents disclosed a large number of assets owned by him, including a large amount of cryptocurrency from Alameda Research, a trading firm co-founded by SBF.<br/> The documents show that Alameda's assets on Binance include $56 million in XRP, $3.6 million in TRX, $3.4 million in ADA, $2.3 million in BTC, and dozens of other cryptocurrencies.<br/> The most significant holding in the assets is the proceeds from the sale of Robinhood stock, with Emergent Fidelity Technologies, a subsidiary of SBF, holding $606 million. Other financial assets include:<br/> Alameda Research holds $119 million in USDT on Binance;<br/> Emergent Fidelity Technologies’ $21 million in Marex;<br/> FTX Digital Markets’ $50 million held in Moonstone Bank;<br/> FTX Digital Markets holds $101 million in Silvergate.<br/> The accounting of $7 million in forfeited assets held by SBF and another individual at Flagstar Bank also includes two private jets: a 2009 Bombardier Global 5000 and a 2006 Embraer Legacy.<br/> The court filing also details more than 250 political donations withdrawn from campaigns and organizations that received them, including amounts donated by other FTX executives allegedly at the direction of SBF. During the last session, a third of members of Congress accepted donations from SBF or other FTX executives, who also donated to numerous state political organizations. (CoinDesk)</p>
