US Department of Justice It is seizing hundreds of millions of dollars worth of Robinhood shares linked to FTX, according to a lawyer said during a Delaware court hearing on Wednesday.
A New York court has ordered federal officials to seize a number of assets related to a criminal case against former crypto boss FTX founder Sam Bankman-Fried.
Robinhood stock is valued at about $450 million, with the former CEO owning 90% of Emergent Fidelity Technologies, an entity that holds 56 million shares of Robinhood stock.
Bankman-Fried, BlockFi and creditor FTX have previously tried to take control of Robinhood stock.
The post US Department of Justice seizes $450 million worth of Robinhood stock linked to FTX founder appeared first on Bitcoin Addict.