The company owned the disputed 56 million Robinhood shares that were seized earlier this year.
The latest company in relation to the disgraced FTX founder to file for bankruptcy is the holding firm owned by him and Gary Wang – Emergent Fidelity Technologies.
The filings for Chapter 11 were submitted late on Friday in the United States Bankruptcy Court for the District of Delaware.to Bloomberg, the company, co-founded by Sam Bankman-Fried and Gary Wang, had $20.7 million in cash but no other assets. The former had a 90% share of the firm, while the latter had the remaining 10%.
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