US authorities are seizing $460M in Robinhood shares tied to FTX: Report

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The United States Departure of Justice has reportedly seized or was in the process of seizing more than $400 million worth of Robinhood (NASDAQ:HOOD) shares linked to FTX as part of the case against the crypto exchange.

According to a Jan. 4 report from Reuters, U.S. officials told a judge they were in the process of seizing assets tied to FTX and its former CEO, Sam Bankman-Fried, which included 56 million shares of Robinhood — worth roughly $468 million at the time of publication. The report comes a day after a judge in the criminal case against SBF orderedyu7po him not to access or transfer any cryptocurrency or assets from FTX or Alameda.

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