
FTX Founder's Holding Firm-bestanden voor faillissement
- FTX founder Sam Bankman-Fried’s holding company, Emergent Fidelity Technologies, has filed for bankruptcy.
- Emergent Fidelity Technologies dat meer dan 55 miljoen Robinhood-aandelen bezit, die meer dan $550 miljoen waard zijn.
- SBF bezit bijna 90% van de holding, terwijl FTX mede-oprichter Gary Wang eigenaar is van de resterende 10%.
- The holding company filed for bankruptcy in the same court as FTX to pursue a “form of joint administration” between the two bankruptcies.
The bearish rhythm initiated by the collapse of the former multi-billion dollar crypto exchange, FTX, currently resonates throughout the world, despite the crypto market’s recent recovery from its adverse effects in the recent period. Interestingly, the holding company of the exchange’s founder, Sam Bankman-Fried, also known as Emergent Fidelity Technologies, has filed for bankruptcy.
Volgens een rapport van Bloomberg, the Antigua and Barbuda-based company filed for bankruptcy on Friday, joining the 130+ companies associated with FTX that have issued similar filings. Moreover, it is also crucial to note that it is Emergent Fidelity Technologies that owns over 55 million Robinhood shares, which are worth more than $550 million and are a crucial part of the exchange’s bankruptcy process.
Bovendien diende Emergent Fidelity Technologies een vrijwillige petitie in om failliet te gaan onder een Chapter 11-aanvraag bij de United States Bankruptcy Court voor het District of Delaware en is het al een doelwit van de rechtszaak die in november is aangespannen door cryptogeldschieter BlockFi met betrekking tot het eigendom van de Robinhood-aandelen .
Interessant is dat het ministerie van Justitie (DoJ) momenteel zeggenschap heeft over de Robinhood-aandelen die momenteel $590 miljoen waard zijn op het moment van publicatie en mogelijk veel meer waard zijn als de wereldwijde macro-economische situatie de komende dagen verbetert. Deze aandelen waren een twistpunt tussen BlockFi, FTX-crediteur Yonathan Ben Shimon en Bankman-Fried zelf.
The DoJ seized around 55,273,469 shares of Robinhood (HOOD) along with $20 million in cash from Emergent Fidelity Technologies, which were cited as the “only known assets” belonging to the holding company. Prior to the seizure by the DoJ, these shares were held by brokerage firm ED&F Man Capital Markets.
A court filing on January 6 said that the “indictment includes forfeiture allegations, seeking to forfeit property that constitutes or was derived from proceeds traceable to the conspiracy to commit wire fraud and property involved in the conspiracy to commit money laundering.”
As reported by Bitnation in an earlier report, Sam Bankman-Fried’s lawyers have submitted a plea to zijn 56 miljoen aandelen van de Robinhood-handelsapp behouden reversing the DoJ’s decision to seize the same. The lawyers claim that SBF has “not been found criminally or civilly liable for fraud, and it is improper for FTX debtors to ask the Court to simply assume that everything Mr. Bankman-Fried ever touched is presumptively fraudulent.”
It was also revealed by Angela Barkhouse, one of the Joint Provisional Liquidators in the case, that the holding company filed for bankruptcy in the same court as FTX to pursue a “form of joint administration” between the two bankruptcies.
“The [Joint Provisional Liquidators’] duties are to the Debtor’s creditors, whoever those creditors may be,” said Barkhouse. “Given the many parties claiming to be creditors or outright owners of the [Robinhood shares] in proceedings in the U.S., the JPLs believe that chapter 11 protection is the only practical way to empower the Debtor to defend itself, the Assets, and its creditors’ interests in the U.S.”
Barkhouse voegde er ook aan toe dat SBF bijna 90% van de holding bezit, terwijl mede-oprichter Gary Wang de resterende 10% bezit.