Bankrupt BlockFi is suing FTX's SBF to seize Robinhood shares

They want to seize shares in the US trading platform Robinhood, allegedly pledged as collateral by the former FTX CEO just days before the exchange imploded.

🧾 Table of Contents:
0:00 BlockFi Sues Sam Bankman-Fried
0:39 SBF's Sneaky Scheme

Small snippet of the transcript from the video:
✂ ✂ ✂ ✂ ✂ BEGIN SNIPPET ✂ ✂ ✂ ✂ ✂
FTX declared bankruptcy on November 11, and BlockFi did so this Monday. BlockFi blamed FTX for its fall, adding that FTX's parent company Alameda Research had defaulted on some $680 million of collateralized loans.

Soon after filing for bankruptcy protection, BlockFi also filed a lawsuit.
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#ftx #sambankmanfried #scandals #robinhood

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[GFY-rl]

"Robinhood is an example, real estate is an example". Collusion between Robinhood executives and the Bankman-Fried family seems more than obvious. Vladimir Tenev and Bhaju Bhatt are co-founders of Robinhood Securities. They both met while attending Stanford University, the same university where SBF's parents, Alan Bankman and Barbara Bankman-Fried, are both professors of law and economics. While at Stanford, both Bhatt and Tenev put together a software program called "Celeris, " which was later used to operate the Robinhood Securities trading platform. Starting a company like Robinhood Securities would require the expertise of law and economics professors like Barbara and Alan Bankman-Fried to help organize it. 😂😂😂