SBF to forfeit $700M worth of assets if found guilty of fraud By Cointelegraph

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In response to new court docket filings, disgraced FTX founder Sam Bankman-Fried (SBF) can be topic to the forfeiture of roughly $700 million value of belongings if he had been to be discovered responsible of fraud.

In a court docket doc filed on Jan 20, U.S. federal prosecutor Damian Williams outlined that the “authorities respectfully provides discover that the property topic to forfeiture” covers an extended checklist of belongings throughout fiat, shares and crypto.

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