‘Flight risk’ Sam Bankman-Fried’s 2 private jets worth over $28M confiscated during trial

Authorities confiscated Sam Bankman-Fried’s two private jets, worth a collective $28.4 million, as the indicted founder of now-bankrupt cryptocurrency exchange FTX — who was posed as a “flight risk” — enters the fourth day of his six-week trial.

Though the government seized Bankman-Fried’s two jets in an apparent move to ensure he and his family remain grounded in the US, the 31-year-old former billionaire reportedly never even flew on the planes.

The two confiscated planes listed in authorities’ forfeiture filing in Manhattan federal court on Wednesday: a Bombardier Global 5000 and an Embraer ERJ-135BJ Legacy 600, which cost Bankman-Fried $15.9 million and $12.5 million, respectively.