The Justice Department has seized $464 million worth of Robinhood stock owned by disgraced FTX founder Sam Bankman-Fried, despite his plea to access the shares to pay his legal fees.
In a court filing on Friday, federal prosecutors confirmed the seizure of the 55.3 million Robinhood shares and an additional $20.7 million in cash from UK brokerage ED&F Man Capital Markets under criminal and civil forfeiture warrants.
Original Article: DOJ seizes $464m of Sam Bankman-Fried’s Robinhood shares | Daily Mail Online
