According to ChainCatcher, after former FTX CEO Sam Bankman-Fried was convicted of a crime, he had $11 billion confiscated in March for property related to his criminal activities (including crypto tokens, private jets, funds in bank accounts, etc.).

Now, three separate groups — the estate of FTX debtors, a class of creditors, and an offshore entity founded by Sam — have competing claims to those seized assets, claiming they rightfully belong to them.

The debtor’s estate claims in the filing that while Bankman-Fried was ordered to forfeit the assets, they never belonged to him in the first place because they were the result of his criminal conduct. “As determined at trial, all of the specified property is held in the name of the Debtor Entities or FTX Digital and/or is financed entirely with the Debtor’s assets,” the filing states.