SBF Puts Up Fight to Retain Robinhood Shares Amid FTX Collapse

Former FTX co-founder and former CEO Sam Bankman-Fried (SBF) is trying to regain control of his Robinhood shares that are currently disputed by several parties, including FTX itself and creditors. The battle for these shares is intensifying as SBF faces mounting legal challenges.

SBF Tries to Access Robinhood Shares to Cover Legal Costs

SBF's lawyers filed court documents to protect the former FTX CEO's 56 million Robinhood shares. Lawyers argue that SBF needs the money to pay for legal defense costs associated with the criminal charges he faces. The fate of these shares remains uncertain as multiple entities lay claim to them.

On Decem, FTX’s new boss and restructuring lawyer, John Ray III, filed a motion to freeze the Robinhood shares, adding another layer of complexity to the ongoing legal proceedings. The value of these shares makes them a significant asset in the bankruptcy case and a potential source of funds for both legal defense and creditor repayment.