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Court documents show Sam Bankman-Fried’s forfeited assets include two private jets, a bevy of political donations, and a healthy stake in Robinhood.
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A court document from a US District Court shows the extent of Sam “SBF” Bankman-Fried’s accumulated property forfeited: roughly $1 billion in assets, including two private jets, many political donations, countless crypto balances, and a healthy stake in Robinhood.
The “Final Order of Forfeiture as to Specific Property,” issued on Feb. 18, 2025, comes from the US District Court for the Southern District of New York and runs dozens of pages detailing the sheer quantity of assets that the former CEO of FTX accumulated.
The biggest line item is 55.2 million shares of Robinhood. On Jan. 9, 2023, the US Department of Justice seized the shares, which would later become the largest line item in terms of USD to be forfeited. In September, Robinhood repurchased the shares for $605.7 million.
A partial list of SBF’s to be forfeited assets. Source: Court Listener
In addition, the order includes the forfeiture of two aircraft — a Bombardier Global 5000 and an Embraer Legacy. Also accounted for were assets owned by Alameda Research, a trading firm that SBF co-founded.
Related: FTX announces next repayment round for May
The court document also detailed a list of political donations that Bankman-Fried made or directed other FTX executives (notably Ryan Salame and Nishad Singh) to make on his behalf. The contributions, which were returned back to the government, went to organizations across the political spectrum and featured individuals running for the US Congress and groups seemingly focused on in-state politics.
Finally, SBF had accumulated a large sum of cryptocurrency and cash, which was often held in Binance.US and various banks, respectively. The crypto forfeited includes millions of Tether (USDT) and considerable amounts of Bitcoin (BTC), Ether (ETH), Cardano (ADA), and Dogecoin (DOGE).
On Feb. 18, 2025, FTX started repayments for creditors with claims up to $50,000, otherwise known as “Convenience Class.” Kraken and BitGo are the two exchanges facilitating the repayments.
Related: FTX creditors speak on plans, lessons learned as repayments start
In January 2023, Cointelegraph reported that SBF would have to forfeit $700 million in assets if found guilty of fraud. At that time, the US government was still looking to take control of three SBF-affiliated Binance.US accounts. Many investors and creditors laid claim to the assets throughout the bankruptcy, looking to be made whole.
Turkey authorities ended up also seizing assets, and US prosecutors tried to take back assets SBF used to allegedly bribe Chinese officials.
While Bankman-Fried pleaded not guilty to eight criminal charges, he was later found guilty and sentenced to 25 years in prison. He has now appealed the verdict, alleging that the jury was “only allowed to see half the picture” with FTX user funds and claiming that prosecutors “presented a false narrative.”
Magazine: X Hall of Flame: Expect ‘records broken’ by Bitcoin ETF: Brett Harrison (ex-FTX US)
This article first appeared at Cointelegraph.com News
