TechFlow news — According to a court filing submitted on Thursday, FTX founder Sam Bankman-Fried has sued to block the bankruptcy estate from taking control of his approximately $450 million stake in the brokerage firm Robinhood. He argues that these shares do not belong to any FTX-related entity currently undergoing bankruptcy proceedings, and that he needs the funds to cover his legal expenses.
The 56.2 million Robinhood shares are nominally owned by Bankman-Fried and co-founder Gary Wang through a holding company called Emergent Fidelity Technologies.Source link




