A bankruptcy judge will consider next month whether to move Robinhood shares bought by Sam Bankman-Fried to a neutral broker while FTX and BlockFi makes competing claims to the $430 million stake
The judge overseeing crypto lender BlockFi Inc.’s bankruptcy case will begin considering next month what to do with shares in RobinHood Markets Inc. that an entity owned by Sam Bankman-Fried purportedly pledged as collateral to BlockFi in the days before the collapse of FTX, the crypto exchange he founded.
The bankruptcy judge overseeing BlockFi’s chapter 11 case agreed during a court hearing Wednesday to review an initial dispute next month over BlockFi’s request to transfer more than 56 million shares of Robinhood stock to a neutral broker or escrow account until the rightful owner is determined. BlockFi’s longtime customer, FTX, has made its own claim to the Robinhood stock, owned by an Antiguan entity backed by Mr. Bankman-Fried.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto will survive FTX, Sam Bankman-FriedThe collapse of FTX is only the latest headline-grabbing failure to rattle the crypto market this year. May's collapse of the Terra stablecoin really kicked off the present downturn.
Read more »
Sam Bankman-Fried to enter plea in FTX fraud caseSam Bankman-Fried is expected to enter a plea next week to criminal charges he defrauded investors and looted billions of dollars in customer funds at his failed FTX cryptocurrency exchange.
Read more »
Sam Bankman-Fried plea to come in fraud case over FTX cryptocurrency exchangeThe former head of the FTX cryptocurrency exchange is expected to enter a plea in court to fraud charges as early as next week.
Read more »
FTX founder Sam Bankman-Fried to enter plea deal in fraud caseSam Bankman-Fried is expected to enter a plea deal in his current trial over allegations that he had engaged in fraudulent behavior with his crypto exchange FTX.
Read more »
FTX's Sam Bankman-Fried Borrowed From Alameda to Buy Robinhood SharesSam Bankman-Fried said in an affidavit he bought Robinhood shares with funds borrowed from Alameda – the same shares later pledged as collateral against a loan taken out by Alameda. realDannyNelson reports
Read more »
Sam Bankman-Fried used $546M in Alameda funds to buy Robinhood stakeDisgraced FTX founder Sam Bankman-Fried borrowed $546 million from Alameda Research to purchase Robinhood shares this year, new court documents show. The indicted 30-year-old admitted he and co-fou…
Read more »