Regulators agree with assign an terminate to the three-blueprint fight for ownership over hundreds of millions of dollars’ fee of Robinhood shares.

In a Delaware financial raze court on Wednesday, the U.S. Division of Justice confiscated $450 million fee of Robinhood shares from FTX, reported Decrypt on Wednesday.

The New York court ordered federal authorities to rob the sources as phase of the continuing criminal case towards broken-down FTX CEO Sam Bankman-Fried.

“And for the court’s profit, we are in a position to file a see of seizure so that the court is acutely conscious and has one thing within the docket that reveals what’s in actuality been seized by the U.S. executive. In order that if we don’t terminate up resolving it there, it’ll be positive for functions of litigation what is in actuality within the manager’s possession,” stated U.S. Felony official Seth Shapiro.

Final month, Bankman-Fried laid mutter to the shares, saying that himself and fellow FTX co-founder Gary Wang had borrowed $546 million from Alameda to function a 7.6% stake in Robinhood.

Bankman-Fried and Wang bought these shares through a shell corporation known as Emergent Constancy Technologies. At the time of the aquire, the 56 million Robinhood shares had been valued at $648 million.

Bankrupt crypto lender BlockFi also sought the rights to those shares, claiming they had been pledged as collateral towards a mortgage from Alameda Be taught – a deal that used to be reportedly agreed to in November.

FTX’s liquidators, led by John Ray III, moved to revoke any exterior claims over the Robinhood shares. In a motion filed on Dec. 22, the factual representatives of FTX’s financial raze stated that any court actions filed by competing stakeholders should be no longer renowned because FTX is the finest company that has a “colorable” mutter to ownership.