Robinhood is buying the shares that used to be owned by Emergent Fidelity Technologies, which was founded by Sam Bankman-Fried.
The crypto-friendly trading app Robinhood bought back over 55 million shares worth $605.7 million that used to be controlled by former FTX CEO Sam Bankman-Fried.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The crypto-friendly trading app Robinhood bought back a sizable portion of shares that were formerly owned by a company founded by Sam Bankman-Fried.
The firm bought back 55.3 million shares at around $10.96 each for a total of $605.7 million. The purchase was completed on Aug. 31, with Robinhood buying them from the U.S.
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