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I mean you could just read the article: "The Justice Department said Wednesday that has moved to seize millions of shares of Robinhood, the popular stock-tradi

I mean you could just read the article: "The Justice Department said Wednesday that has moved to seize millions of shares of Robinhood, the popular stock-trading app, whose ownership is disputed by several parties, including Bankman-Fried himself, his bankrupt crypto exchange FTX and another bankrupt crypto company. Because the competing claims, FTX filed a motion earlier this month to the Delaware bankruptcy court to keep the assets frozen until the court “can resolve the issues in a manner that is fair to all creditors of the debtors.”"

JumpCrisscross 4y ago
The TL; DR being the DoJ moving to seize is the start of due process.
dehrmann 4y ago
That's still a little weird because usually personal assets are shielded from issues a company has (at least for LLCs).
- marcinzm 4y ago
  As the quoted text notes, FTX claims these are it's assets and until that is resolved is asking the courts for them to be frozen.
- quickthrowman 4y ago
  It’s a bit different when you borrow $500M from your (now bankrupt) company to purchase the ‘personal assets’.