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<p>&#13; U.S. federal prosecutors have seized almost US$700 million in property from FTX founder Sam Bankman-Fried in January, largely within the type of Robinhood inventory, in accordance with a Friday court docket submitting.</p> <p>&#13; Bankman-Fried, who has been accused of stealing billions of {dollars} from FTX prospects to pay money owed incurred by his crypto-focused hedge fund, has pleaded not responsible to fraud prices. He's scheduled to face trial in October.</p> <p>&#13; The Division of Justice revealed the seizure of Robinhood shares earlier this month, nevertheless it offered a extra full checklist of seized property Friday, together with money held at numerous banks and property deposited at crypto trade Binance.</p> <p>&#13; The possession of the seized Robinhood shares, valued at about US$525 million, has been the topic of disputes between Bankman-Fried, FTX, and bankrupt crypto lender BlockFi.</p> <p>&#13; The latest asset seizure reported by the DOJ came about on Thursday, when prosecutors seized US$94.5 million in money from an account at Silvergate Financial institution which was related to FTX Digital Markets, FTX's subsidiary within the Bahamas. The DOJ seized greater than US$7 million from different Silvergate accounts related to Bankman-Fried and FTX.</p> <p>&#13; The DOJ beforehand seized almost US$50 million from an FTX Digital Markets account at Moonstone Financial institution, a small financial institution in Washington state.</p> <p>&#13; DOJ additionally stated that property in three Binance accounts related to Bankman-Fried had been topic to legal forfeiture, however didn't present an estimate of the worth in these accounts.</p> <p>&#13; <em>(Reporting by Dietrich Knauth; Modifying by Noeleen Walder and Daniel Wallis)</em></p>

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