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

Business Insider LogoBusiness Insider2 mo ago

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

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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Article Details

Category: Economy

Markets:

Topics:

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

Article Length: 310 words

Reading Time: 2 minutes read

Sentences: 35 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 2032518

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Official Website: businessinsider.com

Update Frequency: 66 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #64

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