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<ul><li>Approximately $50 million was seized from Bankman-Fried’s Farmington State Bank account.</li><li>The bank was the US’s 26th-smallest out of around 4,800, before Bankman-Fried had invested in it.</li><li>Alameda Research, Bankman’s firm, took a stake in the bank and rebranded it “Moonstone”.</li></ul>According to a court filing published on Friday, public prosecutors seized $49,999,500 from Sam Bankman-Fried, the defamed CEO of<a href="https://coinedition.com/tag/ftx-news/" rel="noopener noreferrer nofollow"> FTX, </a>on January 4, 2023, in an effort to forfeit nearly $700 million in assets.<a href="https://coinedition.com/prosecutors-find-out-sbf-held-50-million-in-tiny-rural-bank/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

Prosecutors Find Out SBF Held $50 Million in Tiny Rural Bank

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