SBF wants to keep control of Robinhood shares worth $ 450 million

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Von Krypto News Österreich

Sam Bankman-Fried asked the court to allow him to keep control of the 56 million Robinhood shares he owns.

  • The share is currently worth around $ 450 million.
  • The lawyers of SBF argued that the shares were lawfully bought with funds that Wang and SBF had borrowed from Alameda Research and that this loan was properly documented.

It is inadmissible that the FTX debtors ask the court to simply assume that everything that Mr. Bankman-Fried has ever touched is presumably fraudulent. - reads the file.

  • The document also shows that the shares are owned by Emergent-a company that is not involved in the FTX insolvency case, and his independent acquisition of the shares was "clearly explained in a SEC registration" by the General Counsel of FTX.
  • Cryptopotato reported on January 5 that the US Ministry of Justice wants to confiscate the shares that 90 % owned by SBF and 10 % in possession of Gary Wang.

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