Bankrupt BlockFi has launched a lawsuit to get Sam Bankman-Fried to reportedly hand over Robinhood shares

Quick Summary:

Bankrupt crypto lender BlockFi has sued FTX founder Sam Bankman-Fried's holding company to recover Robinhood shares pledged as collateral for a loan, per the FT.

Bankman-Fried and BlockFi did not immediately respond to an Insider request for comment.

Court documents identified the borrower as Alameda Research, the sister trading arm of crypto exchange FTX.

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Category: Economy

Markets: United States

Topics: Bitcoin BlockFi Ftx Digital asset Ftx bankruptcy MI Exclusive FTX Sam Bankman-Fried Ethereum Cryptocurrencies Markets Sam Bankman-Fried Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-29 @ 12:06:20 (2 months ago)

News Timezone: GMT -5:00

Ranking: #2528 (out of 5567 stories this day)

News Source URL: markets.businessinsider.com

Language: English

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Sentences: 35 lines

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Copyright Owner: © Business Insider

News ID: 2032518

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