Bankman-Fried to Repay US$11 Billion for FTX Fraud

Bankman-Fried to Repay US$11 Billion for FTX Fraud

CTV News

Experts say this amount will likely financially incapacitate him for the rest of his life. "This forfeiture is designed to make certain that if SBF ever makes money, it goes not to him but to the government and the victims," a former federal prosecutor says. The court has some discretion in determining forfeiture amounts, but they’re largely based on how much money a defendant is found to have earned.

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