1 year ago
FTX laminitis Sam Bankman-Fried wants to clasp power of Robinhood shares worthy $450 cardinal connected the ground that the bankrupt speech has nary “legal claims” implicit the assets, according to a Jan. 5 tribunal filing.
SBF said helium and Gary Wang primitively owned the shares. He added that the shares are not owned by Alameda Research oregon immoderate different entity implicated successful the FTX bankruptcy.
According to the tribunal filing, the FTX debtor’s statement that Alameda financed the shares’ acquisition nether suspicious circumstances was false, arsenic they were memorialized successful 4 promissory notes.
The SBF’s filing added that it was “improper for the FTX Debtors to inquire the Court to simply presume that everything Mr. Bankman-Fried ever touched is presumptively fraudulent.”
In a Dec. 22 filing, FTX urged the tribunal to frost the Robinhood shares until they tin beryllium distributed among FTX creditors.
BlockFi agrees with SBF’s motion
Meanwhile, bankrupt crypto lender BlockFi besides argued against FTX’s petition to frost the shares successful a abstracted filing connected Jan. 5.
According to the crypto lender, FTX does not person the close to the shares that were pledged arsenic collateral for a indebtedness that Alameda secured from the crypto lender. The lender
However, each parties inactive person to contend with the US Department of Justice. The DOJ said it would beryllium seizing the shares arsenic portion of its enactment against SBF. The DOJ counsel told the tribunal that they believed that the assets did not beryllium to the bankruptcy estate.
The station Sam Bankman-Fried wants to clasp ownership of Robinhood shares worthy $450M appeared archetypal connected CryptoSlate.
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