Disgraced and fallen crypto-king Sam Bankman-Fried is aiming to access his massive collection of Robinhood shares so he can pay for his mounting legal bills in relation to his criminal defense team. According to reports, Bankman-Fried owns about 56.3m shares of Robinhood but they have largely been seized by the DOJ in connection to his fraud case. Bankman-Fried ‘s attorneys, however, argued in a Thursday motion that they’re owned by an entity not connected to bankruptcy filings and therefore should be accessible.
ankman-Fried purchased about 7.42 percent in total of Robinhood’s stock through Emergent Fidelity Technologies Ltd, using funds borrowed from Alameda Research, according to an affidavit he filed in December in an Antigua court.
It is unclear if such a request is set to be granted and we will continue following his case as it continues to unfold.