Bankman-Fried Said He Had $100,000 Left. Government Seized $698 Million.
The government notably confiscated 55,273,469 Robinhood shares (HOOD). At Robinhood’s closing price ($9.52) last Friday on Wall Street, that stake is valued at $526.2 million. This stake in Robinhood is at the center of a dispute between Bankman-Fried, FTX and bankrupt crypto lender BlockFi. Bankman-Fried acquired those Robinhood shares with a $456 million loan from … Read more