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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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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....
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