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The DOJ Seizes $500M of Robinhood Shares Tied to Bankman-Fried

The US Department of Justice has retained control of the contested 56 million shares of Robinhood, a popular financial trading app, worth approximately $500 million. In a January 6 court filing, the DOJ notified the cour...

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The DOJ Seizes $500M of Robinhood Shares Tied to Bankman-Fried
The US Department of Justice has retained control of the contested 56 million shares of Robinhood, a popular financial trading app, worth approximately $500 million. 
In a January 6 court filing, the DOJ notified the court handling the bankruptcy of BlockFi that it has seized 55,273,469 shares of Robinhood, worth more than $450 million at the time of publication. The shares had been held at an account at brokerage firm ED&F Man....
Read More: The DOJ Seizes $500M of Robinhood Shares Tied to Bankman-Fried

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