Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, used a nearly $546 million loan from Alameda Research, the exchange’s sister organization, to finance his acquisition of Robinhood shares.

Bankman-Fried later put up those same shares as collateral for a loan that Alameda obtained from BlockFi, which is one of the organizations claiming the shares. The loan was taken by Alameda.

An affidavit filed by Bankman-Fried on December 12 in the Antigua and Barbuda High Court on the day of his arrest and made public on December 27 revealed that he and FTX co-founder Zixiao “Gary” Wang took out the loans. de Alameda between April and May through four promissory notes. The affidavit was made public on December 27.

On April 30, Bankman-Fried and Wang received a loan of roughly the same amount, which was $316.6 million, or $35.1 million.

Bankman-Fried received two separate loans on May 15 in the amounts of about $175 million and $19.4 million.

The loans were used to support Emergent Fidelity Technologies Ltd., a shell company domiciled in Antigua that was owned by Bankman Fried and bought a 7.6% stake in the Robinhood brokerage business in May at a price of $648 million at that time. moment.

The disclosure of the loans has the potential to make the ongoing legal fight over Robinhood’s more than 56 million shares, which are now valued at about $430 million, more difficult.

The troubled cryptocurrency lender known as BlockFi has filed a lawsuit against Bankman-Emergent Fried’s to recover shares of Robinhood that were allegedly pledged as collateral on November 9 for one of BlockFi’s loans to Alameda.

FTX stepped in on December 23, filing a request for assistance with a US bankruptcy court to prevent BlockFi from reclaiming the shares.

In addition, Bankman-Fried and Yonathan Ben Shimon, an FTX creditor, are trying to claim the shares.

In the past, Chapter 11 bankruptcy papers that FTX had filed in the United States revealed that Bankman-Fried had been the beneficiary of a $1 billion personal loan from Alameda.