Federal prosecutors have seized nearly $700 million in assets linked to former FTX CEO Sam Bankman-Fried, primarily in the form of Robinhood shares.

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According to court documents, the seized assets include $94.5 million in an account in Silvergate Bank, $49.9 million held at Farmington State Bank, and $20.7 million at ED&F Man Capital Markets, Inc.

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The bulk of the value comes from 55,273,469 Robinhood (HOOD) shares that Bankman-Fried allegedly purchased using stolen FTX customer funds. The stock closed Friday at $9.52, valuing the shares at roughly $526 million.

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“We believe that these assets are not property in the bankruptcy estate” or are subject to exemptions, meaning they don't have to be frozen like most FTX assets are, pending wind-up," U.S. Attorney Seth Shapiro told a Delaware bankruptcy court earlier this month.

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