Robinhood, a crypto trading firm, has repurchased the 55 million shares owned by FTX founders Sam Bankman-Fried and Gary Wang through Emergent Fidelity Technologies, which were seized as part of a criminal case against Bankman-Fried. The shares were transferred to the US in January and were filed to be sold in August. Robinhood paid $605 million to repurchase the shares in an agreement with the US Marshal Service.
All Comments