Sam Bankman-Fried said in an affidavit he bought Robinhood shares with funds borrowed from Alameda – the same shares later pledged as collateral against a loan taken out by Alameda. realDannyNelson reports
In an affidavit provided to a Caribbean court before his arrest, Bankman-Fried said he and FTX co-founder Gary Wang together borrowed over $546 million from Alameda via promissory notes in April and May. They used that money to capitalize Emergent Fidelity Technologies Ltd, the shell corporation that in May bought aThe affidavit provides a new curveball in the three-way race to lay claim to the 56 million HOOD shares.
Crypto lender BlockFi, FTX Group and Bankman-Fried himself have all attempted to lay claim to the shares, which could be worth over $440 million.that it was owed the rights to the Robinhood shares due to a deal Bankman-Fried made in early November. The shares were pledged as collateral against a loan taken out by Alameda Research – the same firm whose funds were used to purchase the shares to begin with, according to Tuesday's filing.
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