SBF and Wang bought the shares through a holding company, Emergent Fidelity Technologies, using funds borrowed from Alameda Research. SBF owns 90% of Emergent while Wang owns 10%. Bankman-Fried also argued that both Emergent and FTX maintained similar interests to plead his case toward ownership.
SBF said in a filing last week that he needs them to help pay his legal fees.
