According to a Jan. 20 court filing, a bulk of the seizures were in the form of 55.2 million shares in Robinhood, worth $526.2 million

Federal prosecutors have seized approximately $700 million in assets from FTX founder Sam Bankman-Fried.

According to a court filing on Jan. 20, a bulk of the seizures was in the form of 55.2 million shares in Robinhood, worth $526.2 million. This comes amid reports that the crypto exchange is considering a return to trading.

According to the filing, the government also seized approximately $56 million from three different bank accounts, including $5.3 million from the cryptocurrency-focused bank Silvergate and $49.9 million from Moonstone Bank.

Bankman-Fried is accused of fraud and conspiracy connected to the failure of FTX in 2022. According to prosecutors, the collapse began when Bankman-Fried diverted customer assets to sister company Alameda Research. They alleged that the funds were used for investments, real estate purchases and political donations.

Bankman-Fried has maintained his innocence on the case. He had sought in court to block the government from seizing shares of Robinhood, with his attorneys arguing the shares are not part of the FTX bankruptcy.

The attorneys said that while FTX debtors haven’t shown they would be ‘irreparably injured’ by denial of the claim to the shares, Bankman-Fried needs some of the assets to fund his defence.

Bankman-Fried’s lawyers said in a court filing earlier this month that he has not been found criminally or civilly liable for fraud, and it is improper for the FTX Debtors to ask the Court to simply assume that everything Bankman-Fried ever touched is presumptively fraudulent.

That filing came at the same time that two other entities issued requests for the Robinhood shares. One of them is crypto lender BlockFi, from which Bankman-Fried had taken loans and pledged the shares as collateral, and the liquidators for Emergent Fidelity Technology in Antigua.