DOJ Orders Seize $465 Million in Robinhood Shares of Sam Bankman-Fried

The US Department of Justice has ordered the seizure of $465 million worth of Robinhood shares that are connected to Sam Bankman-Fried.

The bankrupt cryptocurrency company BlockFi, the trading firm FTX, and liquidators in Antigua have all declared ownership of the Robinhood stock.

This news comes after SBF pleaded not guilty to the crime he committed. To note, SBF has admitted his wrongdoing in his 18-page draft to the US DOJ.

SBF has been bailed by the US Government while several Alameda wallets became active a few days after Sam Bankman-Fried was released on bail, and some members of the community are questioning whether there was any misconduct involved.

It appears that on-chain analyst ZachXBT has observed that the Alameda wallet was eventually exchanging the funds for Bitcoin using decentralized exchanges like FixedFloat and ChangeNow.