SBF To Forfeit $700M Price Of Sources If Chanced On Guilty Of Fraud

In step with recent court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be field to the forfeiture of roughly $700 million price of sources if he were to be chanced on guilty of fraud.

In a court doc filed on Jan 20, U.S. federal prosecutor Damian Williams outlined that the “authorities respectfully affords be conscious that the property field to forfeiture” covers a lengthy checklist of sources all the design via fiat, shares and crypto.