The US Department of Justice (DOJ) is reportedly in the process of seizing $465 million of Robinhood shares associated with founder Sam Bankman-Fried (SBF) as part of a lawsuit filed against bankrupt cryptocurrency exchange FTX.
According to Reuters on January 4, officials said that the US Department of Justice is mostly owned by FTX founder SBF. 465 million reported that it is in the process of seizing Robinhood shares in the amount of USD. DOJ attorney Seth Saphiroof related shares to Judge John Dorsey in the FTX case. not subject to bankruptcy proceedings He stated that he believed.
SBF, bankrupt crypto loan platform BlockFi and an FTX creditor Yonathan Ben Shimon in court recently $465 million amount of shares ownership had claimed. FTX their lawyers, on the other hand, opposed the claims made,Until FTX figures out how to repay all its creditors” your shares to be frozen continue to do he wanted.
The said shares 90% of legal owner SBF In his affidavit to the court, Robinhood shares were acquired by Alameda Research. borrowed funds He admitted to using it.
Saphiro is also the Bahamas-based subsidiary of FTX. of FTX Digital Markets in the USA bank to their accounts He also reported that he had seized. Court records of confiscated bank accounts in total $143 million stated that it has.
FTX lawyer on the other hand James Bromley, To Judge Dorsey None of the assets targeted for seizure under bankruptcy proceedings are currently owned by any FTX entity. in direct control and that the seizure process is much more than an FTX case. SBF‘s ongoing to the investigation He stated that he was connected.