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Crypto Lender Wants Robinhood Stock From FTX Founder

Just a few hours after the bankruptcy announcement, the crypto lending service BlockFi in the US state of New Jersey is filing a lawsuit against FTX founder Sam Bankman-Fried. Like the Financial Times reportedis about company shares in the neo-broker Robinhood, which the FTX founder deposited as collateral a few days before the collapse of the crypto exchange.

Noisy indictment BlockFi and Emergent Fidelity Technologies, an SBF holding company, reached an agreement on Nov. 9 to guarantee “the payment of an unnamed borrower.” The Robinhood shares are said to have been deposited as collateral. In the middle of the year, SBF acquired a 7.6 percent stake in the neo-broker.

In the wake of the FTX collapse, however, the 30-year-old founder is said to have tried to sell his shares in the background to raise funds for his ailing crypto exchange. BlockFi now wants to have the securities confiscated.

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