On June 16th, after FTX's former CEO SBF was criminally convicted, his assets worth over $11 billion were confiscated (including cryptocurrency, private planes, and funds in bank accounts). Now, three independent groups - FTX debtors, creditor groups, and an offshore entity established by SBF - are making competing claims for these seized assets, claiming that they legally belong to them. The debtors claim in the documents that although SBF was ordered to confiscate the relevant assets, they did not belong to him from the beginning because they were obtained through his criminal behavior. According to the trial results, all specific assets are held by debtor entities or FTX Digital and/or funded entirely by debtor assets.Meanwhile, Emergent, an offshore company established by SBF, its liquidator, and representatives of FTX creditors' lawyers have also made claims for some of the relevant assets in a collective lawsuit filed in the Southern District of Florida. Emergent claims to retain ownership of hundreds of millions of dollars worth of Robinhood stocks, including the proceeds from stocks that have been seized and sold by the government.In addition, several claims have been made by lawyers hired by the largest FTX creditor group representative Sunil Kavuri. Documents submitted by Boies Schiller Flexner law firm and The Moskowitz law firm state: "The jury found that the confiscated $8 billion in FTX customer assets came from SBF's fraud against FTX customers, not FTX itself. Therefore, the confiscated assets, including Robinhood stocks, funds in bank accounts, and confiscated cryptocurrency, should be returned to customers, not debtors."

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