FTX and also Alameda Study are actually seeking to safeguard possession of Robinhood equity truly worth over $440 thousand, based upon a court filing gone out with Dec. 22.
Depending on to the content of the submitting, Emergent Integrity Technologies presently stores regarding 56 thousand Robinhood portions (BONNET). Emergent Integrity Technologies is actually 90% had through Sam Bankman-Fried, the previous chief executive officer of FTX and also operator of Alameda.
The possession of those Robinhood portions is actually right now challenged, as 3 distinct individuals are actually seeking to assert possession in court of laws around various territories.
The very first plaintiff is actually BlockFi, which approved the Robinhood portions as added security on finances in between on its own and also Alameda Study before Alameda and also FTX’s crash. BlockFi right now wants to get and also market those portions and also has actually been actually seeking to carry out thus by means of New Shirt courtrooms because its personal insolvency on Nov. 28.
The 2nd plaintiff is actually Yonathan Ben Shimon, an FTX lender that is actually operating through a recipient in Antigua to get the Robinhood portions.
The last plaintiff is actually Sam Bankman-Fried themself, that is actually seeking to change the recipient in Antiguan courts and also get the portions. Bankman-Fried is actually assumed to market the portions to cash his lawful costs; he is actually presently on bond before his litigation.
FTX asserted in its own submitting today that Emergent simply nominally possesses the portions and also Alameda Study is actually real proprietor of the Robinhood portions.
To sustain this case, it claimed that previous Alameda chief executive officer Caroline Ellison managed and also “specifically stood for” the Robinhood portions as resources concerning Alameda Study, each in firm spread sheets and also in agreements along with BlockFi.
FTX has actually sought that the court freeze the portions till issues are actually addressed. If required, it claims that all lenders need to join an insurance claims procedure just before the united state Insolvency Court of Delaware, where FTX’s insolvency process are actually happening.
The Robinhood portions have actually been actually an essential problem because FTX’s crash final month. As early as Nov. 10, experts recommended that Robinhood portions– together with FTX client down payments and also FTX’s FTT token– were actually utilized to reinforce Alameda Study.
Nascent acquired Robinhood portions in support of Bankman-Fried this May. During that time, the portions were actually valued at $482 thousand and also totaled up to 7.6% risk in Robinhood.