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DOJ Seizes More Than 55 Million Robinhood Shares in FTX Case

Tris Bell

Summary: The U.S. Department of Justice has seized more than 55 million shares of Robinhood stock owned by Sam Bankman-Fried and FTX co-founder Gary Wang, according to a court document. According to the court, the assets had been involved in Bankman-Fried’s fraud and money-laundering crimes. Prior to their seizure, the stocks had been held at U.K.-based ...

The U.S. Department of Justice has seized more than 55 million shares of Robinhood stock owned by Sam Bankman-Fried and FTX co-founder Gary Wang, according to a court document.

According to the court, the assets had been involved in Bankman-Fried’s fraud and money-laundering crimes.

Prior to their seizure, the stocks had been held at U.K.-based brokerage ED&F Man.

Author: Tris Bell

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Link: DOJ Seizes More Than 55 Million Robinhood Shares in FTX Case   [Copy]
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