In a court filing on Thursday, FTX sought the intervention of a US bankruptcy court over the ownership of $440 million in Robinhood shares.
Multiple companies, including FTX’s creditors, have expressed interest in the Alameda Research shares since the exchange’s bankruptcy.
In a separate court filing in New Jersey and Antigua, BlockFi and another FTX creditor have been attempting to obtain these shares. In order to recover their obligations, both of these entities have claimed ownership of the shares.
Furthermore, Bankman-Fried moved to seize control of the 56 million shares in total. However, he was arrested on December 11 by Bahamian authorities on fraud charges before his plans could be carried out.
The former CEO has asked the Antigua court for the Robinhood shares to help cover his legal fees.
As a result, FTX lawyers asked the bankruptcy court judge monitoring the exchange’s collapse to prevent creditors from accessing the Robinhood shares until the true ownership, which FTX believes is theirs, is determined.
