BlockFi ISues Sam Bankman-Fried

BlockFi ISues Sam Bankman-Fried

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Mike
Mike

An editor at Coincrop


30 Nov 2022 | 1 min read
12,521 views

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lockFi, a crypto lending platform that recently filed for bankruptcy, is suing Sam Bankman-Fried's holding company Emergent Fidelity Technologies. BlockFi is seeking Robinhood shares that were pledged as collateral earlier in November.

BlockFi names the collateral as “including certain shares of common stock.”

In May, Bankman-Fried bought 7.6% of the online brokerage firm Robinhood through his Emergent investment company, totalling $648 million in shares.


Mike

Mike

An editor at Coincrop
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Mike is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.


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