Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Hamas: We will not abandon our people's national rights until freedom, independence, and self-determination are achieved.
Hamas: We affirm that our people's sacrifices will not be in vain, and we will remain true to our pledge.
Hamas: The great sacrifices and steadfastness of our people have thwarted the Israeli occupation’s plans of subjugation and displacement.
Hamas: We salute our people who confronted the fascist occupation plots that targeted them and their national rights.
Hamas: We salute our people who have demonstrated unparalleled pride, heroism, and honor.
Hamas: We salute our great people in the Gaza Strip, Al-Quds, the West Bank, and both inside and outside the homeland.
Hamas: We call on President Trump and the guarantor countries to compel the occupation government to fully implement the obligations of the agreement.
Hamas: We highly appreciate the efforts of the brotherly mediators in Qatar, Egypt, and Turkey, and we value the efforts of US President Donald Trump aimed at ending the war.
Hamas: We announce that an agreement has been reached, which entails an end to the war on Gaza, the withdrawal of the occupation, the entry of aid, and a prisoner exchange.
Hani al-Dali to Al Mayadeen: Allegedly, Trump is personally guaranteeing a halt to the genocide and an initial 70% withdrawal from the Gaza Strip, to be followed by a full withdrawal.

More than $700m in assets of FTX founder seized by US government

  • By Al Mayadeen English
  • Source: Agencies
  • 21 Jan 2023 12:39
2 Min Read

55 million shares in Robinhood stock valued at $526 million are discovered to be part of the seized assets.

  • x
  • FTX founder Sam Bankman-Fried testifying during the House Financial Services Committee hearing in December 2021 (AP)
    FTX founder Sam Bankman-Fried testifying during the House Financial Services Committee hearing in December 2021 (AP)

Almost $700 million were seized by the US government from assets belonging to cryptocurrency firm FTX founder Sam Bankman-Fried, according to court filings that also show more than 55 million shares in Robinhood stock valued at $526 million. 

Three out of the nine accounts tied to Bankman-Fried did not have their values revealed, and the remaining six had a total value of over $697 million. However, it still remains unknown how much money clients have lost.

According to FTX lawyer Andy Dietderich on January 13, the newly-located assets do not include assets confiscated by the Securities Commission of the Bahamas, where FTX was headquartered and where Bankman-Fried resided at the time of his detention, and also where he was extradited from to reach the US.

FTX, one of the world's largest cryptocurrency exchanges, was founded by Bankman-Fried in 2019 and filed for bankruptcy in November. An MIT graduate, he is charged with two counts of wire fraud and six counts of conspiracy, including conspiracy to launder money and commit campaign finance violations. If convicted, he may face up to 115 years in prison.

Related News

FTX sues Binance and ex-CEO Changpeng Zhao, alleging $1.8Bln in fraud

Ex-Binance CEO faces prison time in US over money laundering charges

Prosecutors have described the case as one of the biggest financial fraud cases in US history, arguing that FTX violated campaign finance laws and schemed to misappropriate customer funds.

The charges indicate a scheme to misappropriate the deposits of FTX customers to pay Bankman-Fried's debts in private research and trading firm Alameda from 2019, until FTX collapsed last month.

Out of the eight charges, five of them hold a maximum prison sentence of 20 years - each. Bankman-Fried was one of the stars of the crypto field, drawing comparisons to investment magnate Warren Buffett.

The former FTX CEO tried to organize a bailout but failed - this left FTX struggling to raise billions of dollars and many customers unable to retain their money.

Read next: FTX's Sam Bankman-Fried to plead not guilty to fraud

  • FTX
  • Sam Bankman-Fried
  • Cryptocurrency
  • Stocks
  • fraud

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
The Palestinian resistance and the people of Gaza showed that after combating Israeli aggression for two years, they remain victorious in the face of oppression (Mahdi Rteil/Al Mayadeen English)

Al-Aqsa Flood two years on, a tale of victory

  • Politics
  • 6 Oct 2025

Coverage

All
War on Gaza

Read Next

All
An Israeli armored vehicle moves on a street of a local market during a military raid in the West Bank refugee camp of Balata, Wednesday, October 8, 2025 (AP)
Politics

Israeli settlers kill Palestinian youth near Ramallah amid raids

Russian Foreign Minister Sergey Lavrov speaks during the Moscow format consultations on Afghanistan in Moscow, Russia, Tuesday, Oct. 7, 2025 (AP)
Politics

Iran interested in resuming nuclear talks: Lavrov

International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a news conference at the International Monetary Fund (IMF) headquarters in Washington, April 25, 2025 (AP)
Politics

IMF head flags US budget, Europe Defense spending challenges

Prime Minister of Italy Giorgia Meloni addresses the 80th session of the United Nations General Assembly, Wednesday, Sept. 24, 2025, at UN headquarters (AP)
Politics

Meloni faces ICC complaint over Gaza genocide complicity with Israelis

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS