{"id":513,"date":"2022-12-28T08:39:21","date_gmt":"2022-12-28T08:39:21","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=513"},"modified":"2022-12-28T08:39:21","modified_gmt":"2022-12-28T08:39:21","slug":"sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/","title":{"rendered":"Sam Bankman-Fried borrowed $546 million to purchase Robinhood shares"},"content":{"rendered":"\n

As revealed in court documents, Sam Bankman-Fried and Gary Wang borrowed over $546 million from Alameda Research to acquire a 7.6% stake in Robinhood from Alameda Research. FTX and BlockFi are both in bankruptcy. They claim that Alameda is owed the rights to the Robinhood shares due to the bank loan that was taken out by Alameda.<\/p>\n\n\n\n

Bankman-Fried has been in a three-way battle to lay claim to the 56 million shares of Robinhood that might be worth over $440 million, and the affidavit shows that he is now attempting to apply his own spin on the situation. Crypto lender BlockFi, FTX Group and even Bankman-Fried have each attempted to file a claim for the shares.<\/p>\n\n\n\n

The fact that Alameda borrowed money from FTX forms the basis for the fraud case against Bankman-Fried being brought in Manhattan federal court. It is not clear if the funds at issue in the bankruptcy dispute originated with FTX. It is uncertain who will ultimately end up with the Robinhood shares due to the complexity of the situation and each party\u2019s claim to them.<\/p>\n","protected":false},"excerpt":{"rendered":"

As revealed in court documents, Sam Bankman-Fried and Gary Wang borrowed over $546 million from Alameda Research to acquire a 7.6% stake in Robinhood from Alameda Research. FTX and BlockFi are both in bankruptcy. They claim that Alameda is owed the rights to the Robinhood shares due to the bank loan that was taken out […]<\/p>\n","protected":false},"author":2,"featured_media":514,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26,30],"tags":[31,32],"class_list":{"0":"post-513","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-1-minute-read","8":"category-exchange","9":"tag-ftx","10":"tag-sbf"},"acf":[],"yoast_head":"\nSam Bankman-Fried borrowed $546 million to purchase Robinhood shares<\/title>\n<meta name=\"description\" content=\"As revealed in court documents, Sam Bankman-Fried and Gary Wang borrowed over $546 million from Alameda Research to acquire a 7.6% stake in Robinhood from\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sam Bankman-Fried borrowed $546 million to purchase Robinhood shares\" \/>\n<meta property=\"og:description\" content=\"As revealed in court documents, Sam Bankman-Fried and Gary Wang borrowed over $546 million from Alameda Research to acquire a 7.6% stake in Robinhood from\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-28T08:39:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/sbf-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"406\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shorts\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shorts\" \/>\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:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/\"},\"author\":{\"name\":\"Shorts\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/ec6b95db679d65e51b1edfbac2cca406\"},\"headline\":\"Sam Bankman-Fried borrowed $546 million to purchase Robinhood shares\",\"datePublished\":\"2022-12-28T08:39:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/\"},\"wordCount\":185,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/sbf-1.jpg\",\"keywords\":[\"FTX\",\"SBF\"],\"articleSection\":[\"1 Minute Read\",\"Exchange\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/\",\"name\":\"Sam Bankman-Fried borrowed $546 million to purchase Robinhood shares\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/sbf-1.jpg\",\"datePublished\":\"2022-12-28T08:39:21+00:00\",\"description\":\"As revealed in court documents, Sam Bankman-Fried and Gary Wang borrowed over $546 million from Alameda Research to acquire a 7.6% stake in Robinhood from\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#primaryimage\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/sbf-1.jpg\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/sbf-1.jpg\",\"width\":720,\"height\":406},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cryptometer.io\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sam Bankman-Fried borrowed $546 million to purchase Robinhood shares\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"name\":\"CryptoMeter.io\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"alternateName\":\"CryptoMeter.io\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\",\"name\":\"CryptoMeter.io\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"width\":512,\"height\":512,\"caption\":\"CryptoMeter.io\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CryptoMeterIO\"],\"publishingPrinciples\":\"https:\/\/www.cryptometer.io\/news\/about-us\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/ec6b95db679d65e51b1edfbac2cca406\",\"name\":\"Shorts\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/995e137d8acf5d59411a158b051fd8bbdf266333e3f6b266f44e8920badb6b9a?s=96&d=retro&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/995e137d8acf5d59411a158b051fd8bbdf266333e3f6b266f44e8920badb6b9a?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/995e137d8acf5d59411a158b051fd8bbdf266333e3f6b266f44e8920badb6b9a?s=96&d=retro&r=g\",\"caption\":\"Shorts\"},\"description\":\"You don't have to spend a lot of time reading long news articles. In order to save your time, we summarize long articles into sort lines so that you can keep updated yourself .\",\"url\":\"https:\/\/www.cryptometer.io\/news\/author\/shorts\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sam Bankman-Fried borrowed $546 million to purchase Robinhood shares","description":"As revealed in court documents, Sam Bankman-Fried and Gary Wang borrowed over $546 million from Alameda Research to acquire a 7.6% stake in Robinhood from","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/","og_locale":"en_US","og_type":"article","og_title":"Sam Bankman-Fried borrowed $546 million to purchase Robinhood shares","og_description":"As revealed in court documents, Sam Bankman-Fried and Gary Wang borrowed over $546 million from Alameda Research to acquire a 7.6% stake in Robinhood from","og_url":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/","og_site_name":"CryptoMeter.io","article_published_time":"2022-12-28T08:39:21+00:00","og_image":[{"width":720,"height":406,"url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/sbf-1.jpg","type":"image\/jpeg"}],"author":"Shorts","twitter_card":"summary_large_image","twitter_creator":"@CryptoMeterIO","twitter_site":"@CryptoMeterIO","twitter_misc":{"Written by":"Shorts","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#article","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/"},"author":{"name":"Shorts","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/ec6b95db679d65e51b1edfbac2cca406"},"headline":"Sam Bankman-Fried borrowed $546 million to purchase Robinhood shares","datePublished":"2022-12-28T08:39:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/"},"wordCount":185,"publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/sbf-1.jpg","keywords":["FTX","SBF"],"articleSection":["1 Minute Read","Exchange"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/","url":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/","name":"Sam Bankman-Fried borrowed $546 million to purchase Robinhood shares","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#primaryimage"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/sbf-1.jpg","datePublished":"2022-12-28T08:39:21+00:00","description":"As revealed in court documents, Sam Bankman-Fried and Gary Wang borrowed over $546 million from Alameda Research to acquire a 7.6% stake in Robinhood from","breadcrumb":{"@id":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#primaryimage","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/sbf-1.jpg","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/sbf-1.jpg","width":720,"height":406},{"@type":"BreadcrumbList","@id":"https:\/\/www.cryptometer.io\/news\/sam-bankman-fried-borrowed-546-million-to-purchase-robinhood-shares\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cryptometer.io\/news\/"},{"@type":"ListItem","position":2,"name":"Sam Bankman-Fried borrowed $546 million to purchase Robinhood shares"}]},{"@type":"WebSite","@id":"https:\/\/www.cryptometer.io\/news\/#website","url":"https:\/\/www.cryptometer.io\/news\/","name":"CryptoMeter.io","description":"","publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"alternateName":"CryptoMeter.io","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cryptometer.io\/news\/#organization","name":"CryptoMeter.io","url":"https:\/\/www.cryptometer.io\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","width":512,"height":512,"caption":"CryptoMeter.io"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/CryptoMeterIO"],"publishingPrinciples":"https:\/\/www.cryptometer.io\/news\/about-us\/"},{"@type":"Person","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/ec6b95db679d65e51b1edfbac2cca406","name":"Shorts","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/995e137d8acf5d59411a158b051fd8bbdf266333e3f6b266f44e8920badb6b9a?s=96&d=retro&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/995e137d8acf5d59411a158b051fd8bbdf266333e3f6b266f44e8920badb6b9a?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/995e137d8acf5d59411a158b051fd8bbdf266333e3f6b266f44e8920badb6b9a?s=96&d=retro&r=g","caption":"Shorts"},"description":"You don't have to spend a lot of time reading long news articles. In order to save your time, we summarize long articles into sort lines so that you can keep updated yourself .","url":"https:\/\/www.cryptometer.io\/news\/author\/shorts\/"}]}},"jetpack_featured_media_url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2022\/12\/sbf-1.jpg","_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=513"}],"version-history":[{"count":1,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/513\/revisions"}],"predecessor-version":[{"id":515,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/513\/revisions\/515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/514"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}