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> Four separate entities have laid claim to the approximately 56 million shares, worth about $460 million. FTX’s new management, which is trying to claw back fu
by Octokiddie 4y ago
> Four separate entities have laid claim to the approximately 56 million shares, worth about $460 million. FTX’s new management, which is trying to claw back funds for investors and customers of the bankrupt platform, have sought to wrest control of the shares from an Antigua-based holding company 90% owned by Bankman-Fried.
The article mentions:
1. SBF himself
2. FTX
Who are the other two? This seems important because those other two entities may have recorded the shares as assets or even themselves pledged them as collateral.
- cypherpunks01 4y agoBlockFi is one of them. They believed they were holding the Robinhood shares as collateral pledged for a large loan to Alameda Research. But when they went to liquidate the shares after the loan defaulted, the broker did not allow them to do so, as FTX/Alameda had just filed for bankruptcy and I believe the estate argued against it. See https://www.reuters.com/legal/ftx-opposes-blockfis-claim-bankman-frieds-robinhood-shares-2022-12-22/ https://www.reuters.com/legal/ftx-opposes-blockfis-claim-ban... I am not sure who the 4th party is.
- paxys 4y ago3. The US government, as mentioned in the title 4. Probably one of their creditors or authorities in the Bahamas