Ftx

A federal court confirmed the final tally of SBF assets the government staked a claim to, including $606 million in Robinhood stock sales and two private jets.

Backpack, which announced its acquisition of the European arm of bankrupt exchange FTX on Monday, has not been authorized by FTX to make any distributions to any FTX customers or other creditors, the FTX bankruptcy estate said.

The filing alleges that FTX was already insolvent and the FTT tokens used in a share repurchase transaction were worthless, and therefore the transfer should be classed as fraudulent

The suit also links him to organized crime in Eastern Europe and terrorist groups.

Sam Bankman-Fried’s one-time friend and college roommate will be the fourth FTX executive to be sentenced.

Singh, who was sentenced to time served, is the fourth FTX executive to be sentenced for his role in the fraud.