Crypto lender BlockFi is suing FTX founder Sam Bankman-Fried: report
Just hours after filing for Chapter 11 bankruptcy in New Jersey on Monday, cryptocurrency lender BlockFi filed a lawsuit against a holding company by FTX founder Sam Bankman-Fried over his shares in trading platform Robinhood, the Financial Times reported.
The filing – also lodged in New Jersey – says BlockFi entered into a pledge agreement with Emergent on Nov. 9 stating that an unnamed borrower was obliged to pledge “certain shares of common stock” and has breached the agreement by failing to comply with its payment obligations. “Emergent has defaulted on its obligations under the pledge agreement and failed to satisfy its obligations thereunder despite written notice of default and acceleration,” the lawsuit filing says.
“This is a highly complex matter,” a spokesperson for ED&F Man Capital Markets told MarketWatch in an emailed statement.
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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 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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