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Ethereum World News 2023-02-09 11:22:03

Robinhood Board Approves Buyback Of Sam Bankman-Fried’s 55 Million Shares

Summary: Robinhood plans to buy back nearly $600 million worth of shares owned by the FTX Founder. Sam Bankman-Fried scooped the shares back in May 2022 through a holding company – Emergent Fidelity Technologies. The 55 million shares have been in contention since FTX filed bankruptcy last year and were later seized by the U.S. Department of Justice. The board at Robinhood approved a massive back buy for some 55 million shares acquired by former crypto mogul and FTX Founder

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