According to the details from the affidavit provided to a Caribbean court, SBF and Gary Wang borrowed $546 million via promissory notes from Alameda Research in April and May. The borrowed funds were used to acquire the 7.6% stake in Robinhood that Fried acquired in May.
Three parties are vying for control of those shares as of the time of publication. One is BlockFi, the lender that avoided bankruptcy earlier this year while FTX was in good financial standing. Two: Yonathan Ben Shimon, an Antigua-based receiver appointed by an FTX creditor. Sam Bankman-Fried is the third person.
— Watcher.Guru (@WatcherGuru) December 27, 2022
storage.courtlistener.com/recap/gov.uscourts.njb.1094107/gov.uscourts.njb.1094107.19.7.pdf
related
— Watcher.Guru (@WatcherGuru) December 27, 2022
h/t Coorslightly