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CoinDesk

2022-12-27 16:14:44

FTX's Sam Bankman-Fried Borrowed From Alameda to Buy Robinhood Shares

FTX's Sam Bankman-Fried Borrowed From Alameda to Buy Robinhood Shares

Sam Bankman-Fried said in an affidavit he bought Robinhood shares with funds borrowed from Alameda. The admission throws a wrinkle into a lawsuit from crypto lender BlockFi, which says it was promised the shares as collateral against a loan taken out by Alameda.

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