U.S. Regulators Seize $700 Million from SBF

According to legal documents filed in court on Friday, federal authorities have seized more than $697 million in cash and assets associated with Sam Bankman-Fried, the founder of crypto exchange FTX. The majority of these assets were in the form of Robinhood shares that were owned by Bankman-Fried, who had previously disclosed in May that he had acquired a 7.6% stake in the company, which he had described as an…