[ad_1]
The US Departure of Justice has reportedly seized or was within the strategy of seizing greater than $400 million price of Robinhood shares linked to FTX as a part of the case towards the crypto alternate.In keeping with a Jan. 4 report from Reuters, U.S. officers instructed a choose they have been within the strategy of seizing belongings tied to FTX and its former CEO Sam Bankman-Fried, which included 56 million shares of Robinhood — price roughly $468 million on the time of publication. The report adopted a choose within the legal case towards SBF ordering him to not entry or switch any cryptocurrency or belongings from FTX or Alameda.Amid FTX’s chapter proceedings, management of the Robinhood shares has been beneath rivalry as many buyers and collectors look to be made complete. BlockFi, Bankman-Fried and FTX creditor Yonathan Ben Shimon have all staked claims to the belongings.In federal court docket on Jan. 3, Bankman-Fried pled not responsible to eight legal counts together with wire fraud, securities fraud and violations of marketing campaign finance legal guidelines. He additionally beforehand denied transferring funds from Alameda, saying he now not had entry to the wallets since stepping down as CEO in November. Associated: The end result of SBF’s prosecution might decide how the IRS treats your FTX lossesThe former FTX CEO has been beneath home arrest at his guardian’s house in California since December however has been allowed to journey for permitted causes, together with displaying up for court docket in New York. His trial date has been set for Oct. 2.
[ad_2]