U.S. Moves to Seize Robinhood Shares and Silvergate Accounts Tied to FTX: WSJ

U.S. authorities are going after shares of Robinhood Markets and accounts held at bank Silvergate Capital linked to the failed cryptocurrency exchange FTX, The Wall Street Journal reported late Wednesday.

A Justice Department official said in bankruptcy court Wednesday that the federal government has seized or is seizing Robinhood (ticker: HOOD) stock purchased by a company controlled by former FTX CEO Sam Bankman-Fried, according to the report.