BlockFi Files Lawsuit Against SBF’s Holding Company

CoinGape LogoCoinGape2 mo ago

BlockFi Files Lawsuit Against SBF’s Holding Company - CoinGape

Quick Summary:

The collateral in question is SBF’s 7.6% stake in Robinhood, the investment and trading platform, which he acquired earlier this year.Emergent holds a 7.42% share of Robinhood, according to Eikon data.

Emergent Fidelity Technologies Ltd has defaulted on its obligations under a Nov.9 pledge agreement, the court said.

According to the court documents, Emergent guaranteed the repayment of obligations of Alameda Research Ltd, the crypto hedge fund affiliated with FTX.

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Article Details

Author / Journalist: Javed

Category: Crypto



Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-29 @ 07:52:33 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1408 (out of 5329 stories this day)

News Source URL:

Language: English

Article Length: 111 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 2028176

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News Last Updated: 8 hours ago

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Publisher ID: #59

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