A U.S. court has ordered Sam Bankman-Fried to forfeit nearly $1 billion in assets, including two private jets, a major stake in Robinhood, and various cryptocurrency holdings. The ruling, issued on February 18, 2025, follows his conviction and sentencing to 25 years in prison. The forfeiture also includes political donations made by Bankman-Fried and other FTX executives.
The largest forfeited asset is 55.2 million shares of Robinhood, valued at $605.7 million when repurchased by the company. Additionally, assets from Alameda Research, the trading firm co-founded by Bankman-Fried, are included in the order.
Beyond stocks and aircraft, Bankman-Fried’s crypto holdings consisted of substantial amounts of Bitcoin, Ether, Cardano, Dogecoin, and Tether, stored across various platforms. Some of these funds were seized from Binance.US accounts and other financial institutions.
The ruling marks the culmination of efforts by U.S. authorities to reclaim assets linked to FTX’s collapse. Despite his conviction, Bankman-Fried has appealed the verdict, arguing that prosecutors misrepresented facts about FTX’s financial situation.
