Another 700 million dollars in the trial of the founder of FTX

The 55 million-plus shares of Robinhood are at the heart of a contentious battle between litigants from the Caribbean, representatives of bankrupt crypto lender BlockFi, Bankman-Fried himself and the management of bankrupt FTX.
Federal prosecutors allege that Robinhood stock was purchased using allegedly stolen customer funds. In May, Bankman-Fried revealed that he had purchased 7.6% of Robinhood’s shares and said at the time, “We think this is an attractive investment.” The stock closed Friday at $9.52, valuing the restored shares at over $526 million.