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Sam Bankman-Fried has asked the court to allow him to retain control over the 56 million shares that he owns in Robinhood. The stock is currently worth around $450 Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed Disgraced CEO Sam Bankman-Fried argued that the roughly $450 million in shares of trading app Robinhood should remain in his control as they were legitimately bought The disgraced crypto boss has filed a court action asking to block debtors from taking control of the shares. SBF’s lawyers have reportedly argued that the shares are FTX lawyers revealed in the court papers that BlockFi and an individual FTX creditor filed for separate court proceedings in New Jersey and Antigua laying claim on the 56

SBF & Co. Appeal: The Battle for $460M Robinhood Shares Heats Up

The fight for control over 56 million Robinhood shares, currently valued around $460 million, is intensifying as Sam Bankman-Fried (SBF) and other involved parties appeal for their respective claims. Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The legal battle involves not only SBF, but also creditors and other entities vying for control of this significant asset.

SBF's Argument: Legitimate Ownership

The disgraced crypto boss has filed a court action asking to block debtors from taking control of the shares. Sam Bankman-Fried has asked the court to allow him to retain control over the 56 million shares that he owns in Robinhood. The former CEO of the collapsed FTX argued that the roughly $450 million in shares of trading app Robinhood should remain in his control as they were legitimately bought. SBF’s lawyers have reportedly argued that the shares are rightfully his and should not be seized to cover FTX's debts.

Rival Claims Emerge: BlockFi and FTX Creditors Stake Their Claim

The situation is further complicated by competing claims. FTX lawyers revealed in the court papers that BlockFi and an individual FTX creditor filed for separate court proceedings in New Jersey and Antigua laying claim on the 56 million shares. This sets the stage for a complex legal showdown to determine the ultimate ownership of the contested Robinhood stock.

The Stakes Are High: $460 Million and the Future of FTX Recovery

With over $460 million at stake, the outcome of this appeal will have significant implications for both SBF and the creditors of FTX. The resolution of this dispute will play a crucial role in the overall recovery efforts following the collapse of FTX.

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