BlockFi ISues Sam Bankman-Fried
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An editor at Coincrop
30 Nov 2022 | 1 min read
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.
MikeAn editor at Coincrop
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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