Emergent Constancy Applied sciences, a Sam Bankman-Fried holding firm primarily based in Antigua and Barbuda, has filed for chapter safety.

Based on courtroom information filed on Feb. 3, Emergent Constancy Applied sciences submitted a voluntary petition to declare chapter beneath a Chapter 11 submitting in the US Chapter Courtroom for the District of Delaware. The corporate was already the goal of a lawsuit filed by crypto lending agency BlockFi in November 2022 relating to the standing of roughly 55 million shares of Robinhood (NASDAQ:).