Federal authorities said on Friday they have seized additional assets tied to FTX, continuing an effort to take control of hundreds of millions of dollars in the U.S. tied to the failed crypto exchange, WSJ Pro Bankruptcy reported. In a filing with the U.S. Bankruptcy Court in Wilmington, Del., the Justice Department said it has seized $56 million in U.S. currency and 87 million euros, equivalent to roughly $94.5 million, from accounts at Moonstone Bank and Silvergate Capital Corp. The amount was in addition to the 55.3 million shares of brokerage Robinhood Markets Inc. and $20.7 million in U.S. currency that the Justice Department said earlier this month it had seized from an account at financial brokerage firm ED&F Man Capital Markets, court records show. FTX and BlockFi, a crypto lender that also filed for bankruptcy, are disputing the ownership of the Robinhood shares. The U.S. government has forcefully taken control of some of the assets tied to FTX since its bankruptcy in November as the battle over control of the remaining funds heats up. Authorities are also investigating FTX founder Sam Bankman-Fried over charges that include wire fraud, conspiracy to commit money laundering and securities fraud, and conspiracy to defraud the U.S.
