Crypto loan company that went bankrupt in the last days of November 2022 BlockFiprosecuted in the USA FTX objected to the offshore investments of founder Sam Bankman-Fried.
BlockFi officials filed a lawsuit with the court on February 17, demanding that Bankman-Fried’s Chapter 11 bankruptcy protection be lifted from investments he made with the money he smuggled from the sinking ship.
According to BlockFi officials Bankman-Fried used Emergent Fidelity Technologies as a cover to buy 7% of popular exchange Robinhood. Allegedly, SBF made this investment with the aim of smuggling some of its assets.
Emergent Appealed!
One of the Emergent liquidation managers “to protect the rights of creditors no matter what” stated it was available. Pointing out that there are many companies and individuals claiming to have assets related to Emergent, Toni Shukla made the following statement:
“Chapter 11 bankruptcy protection is the only way we can simultaneously protect the interests of Emergent itself and its creditors.”
FTX founder Bankman-Fried, who is on trial in the USA, does not have only one company. Sam Bankman-Fried, who is the owner of the startup Emergent Fidelity Technologies, as well as Alamenda Research, which many know.
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