BlockFi Looks to Dismiss Bankruptcy Case for SBF’s Robinhood Shell Company
Bankrupt crypto lender BlockFi on Thursday moved to strike out the bankruptcy case of Emergent Fidelity Technologies, as a battle over around $600 million in assets mainly owned by FTX founder Sam Bankman-Fried becomes ever more complex.
Robinhood Cryptocurrency Trading Volume Jumps 95% in January
Robinhood reported cryptocurrency trading volumes up 95% in January to $3.7 billion from the previous month.
Robinhood Reported Cryptocurrency Trading Volumes Up 95% in January to $3.7 Billion
Assets under custody (AUC) at the end of January were $74.7 billion, up 20% from the end of December.
Robinhood Wants to Buy Its Shares Back From Sam Bankman-Fried
Robinhood Markets said Wednesday that it would try to buy back shares purchased by former FTX CEO Sam Bankman-Fried, as his 7.6% stake in the company remains a contested factor in both Bankman-Fried’s criminal case and the defunct exchange’s bankruptcy.
Robinhood’s Crypto Trading Revenue Dips 24% in Q4, Along With Most Everything Else
Robinhood saw transaction revenue fall in the fourth quarter from the previous period, including a 24% decline in cryptocurrencies, while a slew of other numbers also took a turn lower. The firm also said it was looking to buy back Sam Bankman-Fried's shares in the company.
Crypto transaction revenue dropped to $39 million in the fourth quarter, missing the $51 million estimate of analysts compiled by FactSet. The company posted a net loss of $166 million, which was wider than the estimate for a $131 million loss.
BlockFi's Crypto Mining Assets May Be Headed to Market After Bankruptcy Hearing
Bankrupt crypto lender BlockFi appears on track to sell some assets after a New Jersey bankruptcy judge expressed approval of the plan as part of Chapter 11 proceedings designed to restore funds to creditors.
Robinhood Confirms Twitter Hack That Promoted Fraudulent Crypto Token
Robinhood confirmed that several of its social media accounts were breached earlier today in a statement emailed to CryptoSlate on Jan. 25.
Hackers Take Over Robinhood’s Twitter Account To Promote Scam Token
An unknown group or individual has hacked the Twitter account behind crypto and stock trading platform Robinhood to push users to buy a 'new' token.
Sam Bankman-Fried Lists DC House for $3.28M After Feds Seize $700M in Assets
The Washington DC townhome linked to disgraced FTX founder Sam Bankman-Fried has hit the market for $3.28 million.
Robinhood Confirms Working to Include DOGE in Just-Released Wallet
Robinhood, a prominent American finance broker, has noted that it is “hard at work” on supporting Dogecoin (DOGE) on its recently-released crypto Wallet after launching the platform without support for the meme coin. Several proponents had questioned the absence of the asset.
