Odaily Planet Daily News: After the criminal conviction of former FTX CEO Sam Bankman-Fried, $11 billion was confiscated in March for property related to his criminal behavior (including crypto tokens, private jets, funds in bank accounts, etc.). Now, three separate organizations-the FTX debtor's estate, a class of creditors, and an offshore entity founded by Sam-haven-have made competing claims for these seized assets, claiming that they legally belong to them. The debtor's estate claimed in the document that although Bankman-Fried was ordered to confiscate the relevant assets, these assets did not belong to him from the beginning because they were the result of his criminal behavior. The document stated: "According to the trial results, all specific properties are held in the name of the debtor entity or FTX Digital and/or are fully funded by the debtor's assets."
