SBF's $1B forfeited assets include private jets, political donations: Court

Sam Bankman-Fried's Forfeited Assets

A document from a US District Court reveals the extent of the assets forfeited by Sam "SBF" Bankman-Fried, former CEO of FTX. The forfeited properties, valued at approximately $1 billion, include:

• 55.2 million shares of Robinhood (repurchased for $605.7 million by Robinhood)
• Two aircraft: a Bombardier Global 5000 and an Embraer Legacy
• Assets owned by Alameda Research, a trading firm co-founded by SBF
• Political donations made by Bankman-Fried and other FTX executives
• Cryptocurrency held in Binance.US and other banks, including Tether, Bitcoin, Ether, Cardano, and Dogecoin

Repayments to Creditors

On February 18, 2025, FTX initiated repayments for creditors with claims under $50,000. Kraken and BitGo are facilitating the payments.

Bankman-Fried's Appeal

Despite pleading not guilty to eight criminal charges, Bankman-Fried was found guilty and sentenced to 25 years in prison. He has since appealed the verdict, claiming that the jury had an incomplete view of the evidence and that prosecutors presented a false narrative.