FTX asked the court to protect Robinhood shares for $448 million

in #ftx • 2 years ago

The FTX exchange, which is in the process of bankruptcy, went to court to protect a package of 56 million shares of Robinhood Markets (worth ~ $ 448 million) from creditors.

According to the statement, the securities were acquired and controlled by the brokerage company Emergent Fidelity Technologie, 90% owned by the founder and ex-CEO of FTX Sam Bankman-Fried.

The lawyers of the exchange admitted in the petition that the latter considered the personal assets and funds of the companies belonging to him as "interchangeable".

2 years ago in #ftx by
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