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Disputed Robinhood Shares May Be Moved to Neutral Account at BlockFi’s Request

The judge overseeing BlockFi’s ongoing bankruptcy case agreed today to review a request that could see 56 million Robinhood shares moved to a neutral location, according to a report from the Wall Street Journal on Dec. 28.

The judge has not yet agreed to move the assets to a neutral account. The matter will be decided at an upcoming court hearing next month.

If BlockFi’s request succeeds, the shares would be held in a broker or escrow account until court proceedings determine who actually owns the disputed shares.

(By Mike Dalton)

Robinhood BlockFi
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