Federal prosecutors in the United States have seized almost $700 million in cash and assets linked to Sam Bankman-Fried, founder of the FTX cryptocurrency exchange.
The former billionaire, accused of orchestrating one of America’s largest ever financial frauds, is due to face trial in October.
Prosecutors have laid claim to funds and assets connected to Bankman-Fried, including a vast stake in Robinhood Markets, the digital trading platform, worth more than $520 million.
