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SBF borrowed $546M from Alameda to fund Robinhood share purchase

An affidavit by the FTX founder revealed that Alameda funded the purchase of Robinhood shares, which were later used as collateral for Alameda to secure a loan from BlockFi.

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SBF borrowed $546M from Alameda to fund Robinhood share purchase

An affidavit by the FTX founder revealed that Alameda funded the purchase of Robinhood shares, which were later used as collateral for Alameda to secure a loan from BlockFi.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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