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Prosecutors seize $700m in Sam Bankman-Fried assets

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U.S. federal prosecutors have seized nearly $700 million in assets from former FTX founder Sam Bankman-Fried

The U.S. Justice Department has revealed the seizure of over $500 million worth of Robinhood shares, cash held at various bank and assets that were deposited in crypto exchange Binance.

Bankman-Fried has pleaded not guilty to fraud charges.

He is scheduled to face trial in October.

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