BlockFi’s lawsuit targeted Bankman-Fried’s Emergent Fidelity Technologies, which it said had defaulted on the terms of a Nov. 9 pledge agreement.
targeted Bankman-Fried’s Emergent Fidelity Technologies, which it said had defaulted on the terms of a Nov. 9 pledge agreement. The collateral in question is Bankman-Fried’s 7.
6 percent stake in Robinhood, the investment and trading platform, which he acquired earlier this year, according to theEarlier on Monday, BlockFi declared bankruptcy, citing a “severe liquidity crunch” brought on by the spectacular $32-billion, which crashed and burned after the revelation of the use of billions of dollars in customer money to make undisclosed loans to Alameda Research, Bankman-Fried’s digital-currency firm.
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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.
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BlockFi sues a Bankman-Fried company to recover Robinhood sharesCryptocurrency lender BlockFi Inc has sued a holding company for FTX founder Sam Bankman-Fried, seeking to recover shares in Robinhood Markets Inc pledged as collateral three weeks ago, before BlockFi and FTX filed for bankruptcy protection.
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Bankrupt BlockFi Sues Sam Bankman-Fried for His Robinhood Shares, FT Reports.BlockFi is suing SBF_FTX for shares he owns in RobinhoodApp to meet a collateral pledge, the Financial Times reported. GregAhl reports.
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BlockFi files for bankruptcy as FTX contagion grips crypto markets | CNN BusinessCrypto lender BlockFi filed for bankruptcy Monday, becoming the latest casualty of the financial contagion unleashed by the collapse of Sam Bankman-Fried's empire.
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Crypto Firm BlockFi Files for Bankruptcy as FTX Fallout SpreadsBlockFi was one of the first firms to be “rescued” by former billionaire Sam Bankman-Fried’s FTX earlier this year.
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