The US Department of Justice (DOJ) confiscated $465 million of shares, ending discussions about Robinhood (HOOD) shares, which have long been on the agenda of the FTX case.
According to a recent court document, the US Department of Justice, Sam Bankman-Fried and FTX co-founder Gary Wanghas approximately $465 million worth More than 55 million HOODs seized his share. Stocks currently frozen pending UK-based brokerage firm ED&F ManIt was held in an account in
US Department of Justice This step, taken by SBF, came after SBF recently filed an application with the court that it owned the shares. According to the documentation 90%The said shares, of which SBF is under the control of SBF, are owned by SBF, a Caribbean subsidiary. Emergent Fidelity Technologies was purchased by
on previously seized shares. SBF bankruptcy crypto loan platform BlockFi and FTX payee Yonathan Ben Shimon had also claimed. 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.
In previous hearings of the SBF, HOOD FTX’s sister company to buy the stock Alameda Researchfrom $546 million He admitted he had financed it. According to the sworn statement of SBF, these shares purchased with a financing of 546 million dollars, Alamedaof BlockFiIt was shown as collateral for borrowing from .