Sam Bankman-Fried's Extensive Assets Before Fraud Trial Outlined by Federal Court

A federal court has outlined just how extensive Sam Bankman-Fried's assets were before the young CEO of FTX was tried and imprisoned for fraud

Sam Bankman-Fried's assets were vast before he was convicted and imprisoned for fraud in the collapse of FTX. The government seized about $1 billion in financial assets and two aircraft.

A final order of forfeiture was issued on Tuesday by the U.S. District Court for the Southern District of New York, severing Bankman-Fried's ownership stake in a property list that spanned dozens of pages. The court document revealed the wide swath of assets the one-time billionaire claimed ownership in, including extensive crypto holdings of Alameda Research, the trading firm SBF co-founded.

From the many pages of cryptocurrencies, Alameda's assets at Binance included $56 million in Ripple-connected token XRPUSD, $3.6 million of Tron's (TRX), $3.4 million of Cardano ADAUSD, $2.3 million in bitcoin BTCUSD and dozens of others, according to the accounting.

The weightiest holding detailed among the assets were the proceeds from the sale of Robinhood stock — $606 million that were held by Bankman-Fried's Emergent Fidelity Technologies.

Other financial assets included:

$119 million in Tether USDTUSD that were held at Binance for Alameda Research

$21 million at Marex that were held for Emergent Fidelity Technologies

$50 million at Moonstone Bank for FTX Digital Markets

$101 million at Silvergate for FTX Digital Markets

$7 million at Flagstar Bank for SBF and another individual

The accounting of forfeited assets also included two private jets: a 2009 Bombardier Global 5000 and a 2006 Embraer Legacy.

The court document also detailed an extensive list of more than 250 political donations that had been pulled back from the campaigns and the organizations that received them, including amounts that other FTX executives allegedly gave under SBF's direction. At one point, one in three members of Congress during the last session were recipients of money from Bankman-Fried or other FTX executives, and they gave to an extensive array of state political organizations, too.

Also on Tuesday, the first payouts began in the bankruptcy of FTX, with $1.2 billion going out to those who were owed relatively small amounts. They were set to recover about 119% of what they'd initially had in their accounts during the 2022 collapse, missing out on the huge upswing in crypto markets since then.