In the latest update, Sam Bankman-Fried (SBF), former CEO of a bankrupt crypto exchange FTX, requests the court to block debtors’ access to his Robinhood shares. A report announced by US prosecutors revealed the Robinhood shares are worth $450 million.
SBF has been under house arrest since his apprehension by the Royal Bahamas Police Force after the U.S. filed criminal charges against him. All these took place in December 2022, weeks after the crash of his crypto exchange, leaving many with multiple losses.
Department of Justice Set To Seize SBF’s Robinhood Shares
FTX Exchange and Alameda Research are now under the control of liquidators assigned by the court. The liquidators are looking for any available assets to repay FTX debtors.
In a previous court hearing, a US Department of Justice prosecutor declared their intention to seize SBF’s’ shares worth $450 million. Meanwhile, the next hearing will reveal what the…
