FTX Founder's $1B Empire Seized: Jets, Crypto, and Political Donations Confiscated

Sam Bankman-Fried's financial empire has been officially dismantled, with a US federal court issuing a final order of forfeiture, seizing assets worth roughly $1 billion. The ruling by the US District Court for the Southern District of New York marks the final step in stripping the disgraced FTX founder of his holdings following his conviction for fraud.

The extensive asset list includes cryptocurrencies, financial accounts, and two private jets, indicating the staggering wealth he controlled before FTX collapsed in 2022. The court's order legally severs Bankman-Fried's ownership of these holdings, placing them under government control. The ruling also underscores the significant role of Alameda Research, his trading firm, in accumulating these assets.

The forfeited holdings span multiple exchanges and financial institutions, revealing the extent to which FTX's operations were intertwined with other major players in the crypto and banking sectors. Among the most valuable assets confiscated are digital holdings tied to Alameda Research, including $56 million in XRP, $3.6 million in Tron (TRX), $3.4 million in Cardano (ADA), and $2.3 million in Bitcoin (BTC), all held at Binance.

The largest single holding was the proceeds from the sale of Robinhood stock, amounting to $606 million and held by Bankman-Fried's Emergent Fidelity Technologies. Additional financial assets now under government control include $119 million in Tether (USDT) held at Binance, $21 million at Marex held for Emergent Fidelity Technologies, $50 million at Moonstone Bank for FTX Digital Markets, $101 million at Silvergate for FTX Digital Markets, and $7 million at Flagstar Bank for Bankman-Fried and another individual.

Beyond financial accounts and crypto holdings, the government has also seized two private jets: a 2009 Bombardier Global 5000 and a 2006 Embraer Legacy. These aircraft serve as a reminder of the opulence Bankman-Fried enjoyed before FTX's collapse led to his conviction.

The court order also documented over 250 political donations that have been pulled back. Bankman-Fried, alongside other FTX executives, directed millions of dollars into political campaigns and state political organizations, creating widespread influence within