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Crypto fraudster forfeits $1bn in assets, private jets

Summary by Ch-Aviation

A US court has ordered fraud-convicted cryptocurrency entrepreneur Samuel Benjamin Bankman-Fried, commonly known as SBF, to forfeit about USD1 billion in assets, including two private jets, political donations, and countless crypto balances, the biggest item being his 55.2 million shares worth USD605 million in cryptocurrency trading firm Robinhood Markets. On February 18, the United States District Court in the Southern District of New York iss…

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Crypto fraudster forfeits $1bn in assets, private jets

A US court has ordered fraud-convicted cryptocurrency entrepreneur Samuel Benjamin Bankman-Fried, commonly known as SBF, to forfeit about USD1 billion in assets, including two private jets, political donations, and countless crypto balances, the biggest item being his 55.2 million shares worth USD605 million in cryptocurrency trading firm Robinhood Markets. On February 18, the United States District Court in the Southern District of New York iss…

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ch-aviation broke the news in 22 hours ago on Friday, February 21, 2025.

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