Founder of sunken crypto exchange FTX Sam Bankman-Fried A new claim has been raised in the ongoing stock lawsuit against him. According to the sources, FTX bankruptcy lawyers may opt out of claiming $465 million worth of stock that SBF has stored on the Robinhood platform.
after bankruptcy FTX and BlockFi’s bankruptcy executives sued for stocks seized by the Justice Department in January in order to pay users.
Judge John Dorsey of the FTX case said the following during the hearing, according to sources:
“I assure you that I have no intention of making any decision that would affect the ownership of the shares in question. I will not determine who owns these shares. The situation in question does not cover my indictment framework.”
Bankman-Fried Could Be Imprisoned for Life
After the bankruptcy of FTX and Alamenda Research on November 7, 2022, various charges were brought against founder Sam Bankman-Fried. Initially arrested in the Bahamas, the SBF requested his release to the United States due to poor conditions. The legal process is still ongoing.
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