SBF Borrowed $546M From Alameda To Buy Robinhood Shares
According to court documents, former FTX CEO Sam Bankman-Fried (SBF) borrowed hundreds of millions of dollars from Alameda Research to purchase Robinhood shares (HOOD).
According to the details from the affidavit provided to a Caribbean court, Bankman-Fried stated that he and FTX co-founder Gary Wang borrowed $546 million from Alameda using promissory notes in April and May. They used that money to fund Emergent Fidelity Technologies Ltd., the shell business that purchased a 7.6% share in Robinhood in May.
Source
https://t.me/Cash_Blockchain_News
