Daily Archives: October 8, 2023, 8:43 am

‘Flight risk’ Sam Bankman-Fried’s 2 private jets worth over $28M confiscated during trial

Authorities confiscated Sam Bankman-Fried’s two private jets, worth a collective $28.4 million, as the indicted founder of now-bankrupt cryptocurrency exchange FTX — who was posed as a “flight risk” — enters the fourth day of his six-week trial. Though the government seized Bankman-Fried’s two jets in an apparent move to ensure he and his family remain grounded in the US, the 31-year-old…

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