Sam Bankman-Fried’s parent company files for bankruptcy

© Reuters

Emergent Fidelity Technologies, a Sam Bankman-Fried holding company based in Antigua and Barbuda, has filed for bankruptcy protection.

3, Emergent Fidelity Technologies filed a voluntary declaration of bankruptcy under Chapter 11 filings in the United States Bankruptcy Court for the County of Delaware, according to court filings filed on February 3. The company has been the target of a lawsuit filed by crypto lending company BlockFi in November 2022 regarding the status of approximately 55 million shares of Robinhood (NASDAQ:).