FTX Seeks Referee for Fight Over $440 Million Robinhood Stake
- BlockFi, Bankman-Fried have tried to take control of shares
- The 56 million shares probably belong to FTX, lawyers say
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FTX Group asked an American bankruptcy judge to intervene in a multinational fight over more than $440 million of Robinhood Markets Inc. shares tied to Alameda Research, Sam Bankman-Fried’s crypto trading house.
Crypto lender BlockFi Inc. and an individual FTX creditor have tried to get their hands on the shares via separate court proceedings in New Jersey and Antigua, FTX lawyers said in court papers Thursday. Both parties claim they’re entitled to the stock — some 56 million shares in total — in order to recover on debts.