{"id":287213,"date":"2023-01-09T16:03:03","date_gmt":"2023-01-09T16:03:03","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=287213"},"modified":"2023-08-14T01:41:46","modified_gmt":"2023-08-14T00:41:46","slug":"u-s-government-seizes-sbfs-robinhood-shares","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/u-s-government-seizes-sbfs-robinhood-shares\/","title":{"rendered":"U.S. Government seizes SBF&#8217;s Robinhood shares"},"content":{"rendered":"<p>The U.S. Government officially seized <a href=\"https:\/\/cryptoslate.com\/companies\/ftx\/\">FTX<\/a> founder <a href=\"https:\/\/cryptoslate.com\/people\/sam-bankman-fried\/\">Sam Bankman-Fried<\/a>&#8216;s (SBF) <a href=\"https:\/\/cryptoslate.com\/products\/robinhood\/\">Robinhood<\/a> shares, which equates to $455 million, as reported by <a href=\"https:\/\/twitter.com\/WatcherGuru\/status\/1612444676904083457\">WatcherGuru<\/a>.<\/p>\n<p>SBF <a href=\"https:\/\/cryptoslate.com\/robinhood-stocks-surge-after-sbf-acquires-a-7-6-stake-at-the-company\/\">acquired<\/a> 7.6% of Robinhood for $648.3 million on May 13, 2022. After the FTX crash on Jan. 4, the U.S. Department of Justice revealed that it would take control of Robinhood shares under dispute by all FTX-related parties.<\/p>\n<p>Upon this news, FTX and Alameda Research attempted to secure their ownership of Robinhood shares by <a href=\"https:\/\/cryptoslate.com\/sam-bankman-fried-wants-to-retain-ownership-of-robinhood-shares-worth-450m\/\">filing<\/a> legal requests on Jan. 5, claiming that the bankrupt exchange has no &#8220;legal claims&#8221; over the assets in question.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Government officially seized FTX founder Sam Bankman-Fried&#8216;s (SBF) Robinhood shares, which equates to $455 million, as reported by WatcherGuru. SBF acquired 7.6% of Robinhood for $648.3 million on May 13, 2022. After the FTX crash on Jan. 4, the U.S. Department of Justice revealed that it would take control of Robinhood shares under [&hellip;]<\/p>\n","protected":false},"author":1262,"featured_media":300304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77901,39],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Government seizes SBF&#039;s Robinhood shares<\/title>\n<meta name=\"description\" content=\"FTX founder Sam Bankman-Fried&#039;s Robinhood shares equate to $455 million.\u00a0\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/u-s-government-seizes-sbfs-robinhood-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Government seizes SBF&#039;s Robinhood shares\" \/>\n<meta property=\"og:description\" content=\"FTX founder Sam Bankman-Fried&#039;s Robinhood shares equate to $455 million.\u00a0\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/u-s-government-seizes-sbfs-robinhood-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-09T16:03:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-14T00:41:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/02\/robinhood-crypto-wallet.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/u-s-government-seizes-sbfs-robinhood-shares\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/u-s-government-seizes-sbfs-robinhood-shares\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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