Besieged cryptocurrency exchange FTX tries to stop BlockFi from Claim for more than $440 million value of shares of Robinhood Markets Inc HOOD acquired from Sam Bankman Fried.

What happened: FTX said the Robinhood shares in question are owned by Alameda Research and that the bankrupt FTX companies must keep the shares while other contentious ownership claims are investigated, Reuters reported.

Sam bankman-friedFTX reportedly argued that BlockFi was attempting a “final run” around protecting bankrupt companies by filing its lawsuit against a non-bankrupt holding company instead of Alameda.

FTX said, although the company in question emergent fidelity, holds the Robinhood shares, with ultimate ownership by Alameda, according to the report.

See also: Best FTX Alternatives: How to Keep Your Crypto Safe in 2022

Why it matters: FTX, its US subsidiary FTX US and its sister company Alameda Research, along with nearly 130 affiliates, Declared Chapter 11 bankruptcy on Nov 11

Emergent owns a 7.42% stake in Robinhood, according to Reuters. Bankman-Fried began buying shares in the trading platform in mid-March, the report said, which cited data from US Securities and Exchange.

Bankman-Fried has claimed ownership of the Robinhood shares as a “source of payment for legal fees,” while an individual FTX creditor has asked an Antigua court to make the shares available to pay FTX creditors, Reuters reported.

The FTX founder appeared before a judge in New York on Thursday. He will be released on $250 million bail.

Continue reading: Former Alameda boss Caroline Ellison, co-founder of FTX, pleads guilty to fraud in the Sam Bankman-Fried case