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A Twist in Bankman-Fried Saga: Robinhood Strikes $600M Deal to Reclaim Shares

Robinhood has announced a share repurchase agreement worth $605.7 million with the US Marshal Service (USMS) to regain control of shares previously held by Same Bankman-Fried (SBF)’s Emergent Fidelity Technologies. This move comes after a series of legal events that began when SBF, just six months before his empire collapsed, disclosed a 7.6% stake in Robinhood.The shares in question had been seized and subsequently transferred into the custody of the US government after Bankman-Fried's crypto... Read More

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Twist

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Robinhood

Strikes

600m

Deal

Bankman fried

Reclaim

Forex

Posted: Sep 1 2023, 18:09

Author Name: financemagnates

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