[ccpw id="5"]


HomeNewsSam Bankman-Fried Takes Loan From Alameda To Buy Robinhood Shares

Sam Bankman-Fried Takes Loan From Alameda To Buy Robinhood Shares


Sam Bankman-Fried, former CEO of FTX, took out a loan from Alameda Research to buy Robinhood stock.

Alameda took a loan by giving these purchased shares as collateral.

Sam Bankman-Fried Gets Loan From Alameda

According to court documents, FTX founder SBF borrowed hundreds of millions of dollars from Alameda Research to buy a stake in Robinhood.

SBF testified in affidavit in a Caribbean court prior to his arrest that he and FTX co-founder Gary Wang received over $546 million in promissory notes from Alameda in April and May. They used that money to capitalize front company Emergent Fidelity Technologies Ltd, which bought a 7.6% stake in Robinhood in May.

Crypto lending firm BlockFi has claimed $440 million of shares in FTX Group and Sam Bankman-Fried.

BlockFi, which filed for bankruptcy, claimed in a court document that it owns the rights to Robinhood shares due to SBF’s settlement in early November.

These shares were pledged as collateral against a loan taken out by Alameda Research, according to the filing on Tuesday.


Please enter your comment!
Please enter your name here


Arbitrum (ARB) Dropped 12 Percent In The Last 24 Hours!

The price drop in Arbitrum (ARB), which entered the crypto industry like a bomb, attracted attention, selling pressure is increasing.

Today’s Top Rising Altcoins – April 1, 2023

Bitcoin's (BTC) 28.

Bitcoin is in the Risk Zone! April 1 Bitcoin (BTC) Analysis

The selling pressure that came with Bitcoin exceeding $ 29 thousand pushed the crypto investor to indecision, how is BTC progressing?

Today’s Most Depreciating Altcoins – April 1, 2023

After the volatile movements of the crypto market, sharp decreases were also observed in altcoins, we have compiled today's most falling altcoins.

Follow us


Most Popular