Sam Bankman-Fried acquired a Drake shoutout, posted from jail, and confronted a brand new $10M forfeiture order tied to his Semafor funding.
Sam Bankman-Fried is having a giant week, and never all of it’s excellent news for the disgraced crypto founder.
On Could 15, Drake dropped his ninth studio album, ICEMAN, and the observe “Mud” opens with a direct reference to the catastrophic FTX collapse.
Within the track, Drake calls SBF considered one of his guys and requires his launch from jail. The bars landed like a thunderclap throughout crypto Twitter. Drake rapped: “An FTX penthouse high-riser, yeah / Samuel Bankman, free all my guys up, yeah.” He then described himself as “a BTC crypto big-timer” a couple of traces later.
Bankman-Fried fired again from his bunk on the Terminal Island Federal jail along with his signature humor, posting on X: “The Drake stimulus package deal is actual. Mud is a vibe, and once I get out, I can mortgage you my bean bag chair.”
The bean bag chair reference was a nod to his famously chaotic days at FTX at the start got here crashing down. The response confirmed he’s nonetheless following mainstream tradition from contained in the federal detention middle.
The timing of all that good vibes power couldn’t be extra ironic.
Simply days after the Drake shoutout went viral, a federal decide in New York signed a preliminary order of forfeiture requiring Bankman-Fried at hand over one other $10 million.
The order, signed by Choose Lewis A. Kaplan on Could 7, 2026, targets $10 million sitting in a Fiduciary Belief Firm account representing the return of his funding in Semafor, Inc. The court docket labeled it a “substitute asset” and ordered the U.S. Marshals Service to take fast possession of the funds.
This $10 million seize comes on prime of the staggering $11.02 billion forfeiture cash judgment the court docket entered again in March 2024.
The federal government famous within the submitting that the whole cash judgment towards Bankman-Fried stays unpaid to at the present time. Prosecutors recognized the Semafor funding return as one of many few remaining property they might really get their fingers on.
The court docket made clear that after a ultimate order of forfeiture drops, the $10 million goes immediately towards satisfying the bigger judgment.
Bankman-Fried is at present serving a 25-year jail sentence after a jury convicted him of fraud and conspiracy prices tied to the FTX collapse.
His household has pushed onerous for a presidential pardon, however President Trump has downplayed any chance of granting one. SBF has spent current months posting on X by means of a good friend and praising the administration, apparently hoping one thing sticks.
Drake can rap about releasing himself all he desires. The federal authorities simply took one other $10 million off the highest.
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