.TheJusticeDept has seized over $456 million worth of Robinhood $HOOD stock in FTX_Official and SBF_FTX case. camomileshumba reports
The stock had been held at an account at U.K.-based brokerage ED&F Man.
The"seized Assets constitute property involved in violations" of crimes such as money laundering and wire fraud reads the court document. Sam Bankman-FriedThe Robinhood shares were in principle owned by FTX co-founders Bankman-Fried and Gary Wang through their Emergent Fidelity Technologies holding company. FTX, now run by John Ray III,late last month to freeze the stock. Bankman-Fried naturally opposed the move, saying, in part, he needed the shares to help pay his legal fees.
The U.S. government said it was in the process of seizing a number of assets potentially linked to FTX
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