Sam Bankman-Fried (SBF), founder of bankrupt cryptocurrency exchange FTX, has claimed ownership of $450 million worth of Robinhood (HOOD) shares.
Three parties, including FTX founder Sam Bankman-Fried, filed an application Thursday, according to court documents. 450 million dollars worth 56 million HOOD shares claimed for. Another bankrupt crypto company outside of SBF among the parties submitting the request in question BlockFi and from creditors of FTX Yonathan Ben Shimon took place.
FTX lawyers, on the other hand, opposed this claim and said “Until FTX figures out how to repay all its creditorsHe argued that the said shares should continue to be frozen. The aforementioned $450 million shares were acquired after FTX filed for bankruptcy, based in New York. ED&F Man Capital Markets company was frozen under management.
According to the application made to the court, the shares 90% of It was under the control of the SBF. The portion of shares owned by SBF, a Caribbean subsidiary owned by SBF Emergent Fidelity Technologies was purchased by Therefore, if it is decided to give back the shares, control will pass directly to this company, SBF.