FTX attempts to maintain ownership of Robinhood shares in court

Dec. 23, 2022 at 2:53 am

By Mike Dalton

FTX and Alameda want to freeze those shares as three others try to lay claim.

FTX and Alameda Research are attempting to secure ownership of Robinhood stock worth over $440 million, based on a court filing dated Dec. 22.

According to the text of the filing, Emergent Fidelity Technologies currently holds about 56 million Robinhood shares (HOOD). Emergent Fidelity Technologies is 90% owned by Sam Bankman-Fried, the former CEO of FTX and controller of Alameda.

The ownership of those Robinhood shares is now disputed, as three separate parties are attempting to claim ownership in courts across multiple jurisdictions.

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