U.S. Government seizes SBF’s Robinhood shares

1 year ago

The U.S. Government officially seized FTX laminitis Sam Bankman-Fried‘s (SBF) Robinhood shares, which equates to $455 million, arsenic reported by WatcherGuru.

SBF acquired 7.6% of Robinhood for $648.3 cardinal connected May 13, 2022. After the FTX clang connected Jan. 4, the U.S. Department of Justice revealed that it would instrumentality power of Robinhood shares nether quality by each FTX-related parties.

Upon this news, FTX and Alameda Research attempted to unafraid their ownership of Robinhood shares by filing ineligible requests connected Jan. 5, claiming that the bankrupt speech has nary “legal claims” implicit the assets successful question.

The station U.S. Government seizes SBF’s Robinhood shares appeared archetypal connected CryptoSlate.

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