Twitter boss and co-creator of DOGE have reacted to information of Fed prosecutors seizing almost $1 billion from former FTX boss
A latest article by Reuters acknowledged that prosecutors from the DOJ have confiscated a staggering $700 million from the creator of the battered FTX change Sam Bankman-Fried (extensively recognized within the crypto area as SBF). The supply cited by the article is Friday courtroom submitting.
Dogecoin co-founder Billy Markus shared the article on his Twitter deal with, including a sarcastic remark, during which he cited SBF, when the FTX founder informed the courtroom that he solely had $100,000 left from his billions. The above talked about funds confiscated from SBF got here largely within the type of Robinhood shares.
Tesla and Twitter boss, tech mogul Elon Musk commented on that with two ROFL emojis. Each Musk and Markus have been extremely crucial of FTX and its founder when the change went bancrupt and SBF was charged with defrauding buyers.
— Elon Musk (@elonmusk) January 21, 2023
Robinhood shares, Binance and banks deposits of SBF
SBF has been charged with utilizing big sums in USD belonging to FTX customers in an try and bail out his crypto buying and selling agency Alameda Analysis, however he pleaded harmless to these fraud costs. He shall be dealing with trial within the fall of this yr on this.
Earlier this yr, the U.S. Division of Justice (DOJ) introduced the seizure of Bankman-Fried’s belongings. The lion share of them was within the type of Robinhood shares (HOOD), nevertheless, there have been additionally funds in a number of banks and crypto deposits on the Binance digital change.
Specifically, this week federal prosecutors from the DOJ seized almost $100 million from SBF’s accounts, which he saved in Silvergate Financial institution linked to FTX Digital Markets, an FTX subsidiary primarily based within the Bahamas.
Elon Musk turned down SBF $5 billion provide
As reported by U.At present earlier, final yr, nicely earlier than FTX hassle turned apparent to everybody out there, Sam Bankman-Fried bought in contact with Elon Musk to supply him an investment of $5 billion to assist him purchase the social media large. He additionally provided assist in switching Twitter to blockchain rails.
Musk defined to him that Twitter on blockchain was an not possible factor to do and turned down his provide with the cash. General, Musk paid $44 billion to grow to be the only proprietor of Twitter, the deal was finalized in late October final yr.