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TechFlow news, according to court documents, the U.S. Department of Justice has seized over 55 million Robinhood shares held by Sam Bankman-Fried and his FTX co-founder Gary Wang through the holding company Emergent Fidelity Technologies. Based on last Friday's closing price, the 55 million Robinhood shares are valued at approximately $456 million. These shares were previously held in an account at UK brokerage firm ED&F Man. Original link
According to court documents, the U.S. Department of Justice has seized over 55 million shares of Robinhood held by Sam Bankman-Fried and his FTX co-founder Gary Wang through the holding company Emergent Fidelity Technologies. Based on last Friday's closing price, the 55 million Robinhood shares are valued at approximately $456 million. The shares were previously held in an account at the UK brokerage firm ED&F Man.
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