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International Business Times
International Business Times
Business
Marvie Basilan

3 Groups File Competing Claims For Sam Bankman-Fried's $11B Forfeited Assets

FTX SBF Sam Bankman-Fried Crypto Robinhood EMERGENT Debtor MDL
Sam Bankman-Fried had soared to the top of the crypto world, becoming a billionaire before age 30 and turning FTX, a small start-up he cofounded in 2019, into the world's second largest exchange platform. (Credit: AFP)

KEY POINTS

  • The FTX debtors' estate claimed that all the assets ordered forfeited belong to the estate
  • Emergent claimed proceeds of Robinhood shares sales belonged to the company
  • Lawyers for a group of creditors said a huge portion of the assets belonged to 'customers'

Three separate groups have filed claims over the assets that the court demanded Sam Bankman-Fried forfeit in relation to the bankruptcy process of his collapsed cryptocurrency empire, FTX.

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