Alameda Lent SBF $546M For Robinhood Share Buy

The notorious FTX founder Sam Bankman-Fried borrowed $546 million from Alameda Research. His shell business, Emergent Fidelity Technologies Ltd., bought 7.6% of Robinhood using the loans. Alameda borrowed from BlockFi using those shares.

• by Terrill Dicki
• Dec 28, 2022