TechFlow news, court documents show that SBF borrowed $546 million from Alameda Research and injected the funds into Emergent Fidelity Technologies Ltd., which used the money to purchase a 7.6% stake in Robinhood. These shares held by Alameda Research were used as collateral for the loan.
Bankrupt BlockFi claims that under a deal reached with SBF in early November, it should obtain ownership of Alameda's Robinhood shares.
Currently, BlockFi, FTX Group, and SBF himself are all attempting to assert ownership over these shares, which are currently valued at approximately $440 million. Original link
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