BlockFi sues a Bankman-Fried company to recover Robinhood shares

BlockFi logo is seen in this illustration, November 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Nov 28 - Cryptocurrency lender BlockFi Inc has sued a holding company for FTX founder Sam Bankman-Fried, seeking to recover shares in Robinhood Markets IncBlockFi in a complaint filed on Monday in New Jersey bankruptcy court said Emergent Fidelity Technologies Ltd has defaulted on its obligations under a Nov. 9 pledge agreement.

Emergent guaranteed the repayment of obligations of Alameda Research Ltd, the crypto hedge fund affiliated with FTX, according to court documents.Bankman-Fried is not named as a defendant. He did not immediately respond to a request for comment.

What a ponzi scheme... People buy crypto on Blockfi Blockfi buys shares in Robin hood Blockfi loans shares to ftx Ftx founder donates tens of millions to us political candidates and goes bust All the company insiders make millions while the customers lose everything. BuyGold

They’re stepping over other investors right to claims

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BlockFi sues FTX's Bankman-Fried over shares in RobinhoodBlockFi, the now bankrupt cryptocurrency lending platform, has filed a lawsuit against Emergent Fidelity Technologies, an investment company owned by FTX founder Sam Bankman-Fried, alleging the firm owes BlockFi its shares of Robinhood worth around $650 million. Spoiler Alert: He don’t got them Buying hzmcoin now will make you a billionaire 🔜🤑 🎯⚡️ billionaire crypto buy_hzm_coin 📌 hzmcoin projects 🔶️metaverses NemoLandKingdom 🔶️ communication app 🔶️ apps and games ✔️crypto souq ✔️hzm carrom ✔️hzm basketball ✔️hzm camel run HzmApp malarab1 Why don't they want you to know about this?
Source: Cointelegraph - 🏆 562. / 51 Read more »