What happened to FTX founder Sam Bankman-fried?

FTX founder Sam Bankman-Fried leaves Manhattan federal court on Jan. 3, 2023, in New York. (AP Photo/Seth Wenig, File) U.S. federal prosecutors have seized nearly US$700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing.

How much money has the DOJ seized from Bankman-fried and FTX?

The DOJ seized more than US$7 million from other Silvergate accounts associated with Bankman-Fried and FTX. The DOJ previously seized nearly US$50 million from an FTX Digital Markets account at Moonstone Bank, a small bank in Washington state.

What happened to FTX?

That Friday evening, exhausted FTX staffers began to see mysterious outflows of the company's cryptocurrency, publicly captured on the Etherscan website that tracks the Ethereum blockchain, representing hundreds of millions of dollars worth of crypto being stolen in real time.

What is the DOJ's most recent asset seizure?

The most recent asset seizure reported by the DOJ took place on Thursday, when prosecutors seized $94.5 million in cash from an account at Silvergate Bank which was associated with FTX Digital Markets, FTX's subsidiary in the Bahamas. The DOJ seized more than $7 million from other Silvergate accounts associated with Bankman-Fried and FTX.