Robinhood Approved to Repurchase Bankman-Fried’s Shares for $605.7 Million
Robinhood has been approved by a federal court in the Southern District of New York to repurchase shares seized from Sam Bankman-Fried’s Emergent Fidelity Technologies for $605.7 million. Bankman-Fried had previously held a 7.6% stake in Robinhood, and had expressed enthusiasm about the company’s prospects. However, the bankruptcy of FTX led to the seizure and […]