The Barbadi of Scam Bankman Fried 🍳

GM Guys and Gals,

It's been a long time since we haven't had a word about the OG Rockstar 🎸 - Mr Scam Bankman Fried 🫤. Let's get on our seats and talk about our big bro aka our buddy scammer (SBF). Let the show start 🚀

1, 2, 3 - Action 🎬

According to new court filings, disgraced FTX founder Sam Bankman-Fried (SBF) will be subject to the forfeiture of roughly $700 million worth of assets if he were to be found guilty of fraud 🤯

In a court document filed on Jan 20, U.S. federal prosecutor Damian Williams outlined that the “government respectfully gives notice that the property subject to forfeiture” covers a long list of assets across fiat, shares and crypto.

Looking at the list of seized assets, the biggest allocations include 55,273,469 Robinhood (HOOD) shares worth roughly $525.5 million at the time of writing, $94.5 million held at Silvergate Bank, $49.9 million held at Farmington State Bank and $20.7 million at ED&F Man Capital Markets, Inc.

While members of SBF’s inner circle such as Caroline Ellison and Gary Wang have fessed up and cooperated with prosecutors over their roles in FTX’s collapse, the man himself has pleaded not guilty to all eight criminal charges laid against him.

That's it for the day, Web3Shala 👋

To the Moon 🪐LFG 🚀