{"id":23228,"date":"2023-09-02T05:17:51","date_gmt":"2023-09-02T05:17:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/robinhood-buys-back-605-7m-stock-from-ftx-founders\/"},"modified":"2023-09-02T05:17:51","modified_gmt":"2023-09-02T05:17:51","slug":"robinhood-buys-back-605-7m-stock-from-ftx-founders","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/robinhood-buys-back-605-7m-stock-from-ftx-founders\/","title":{"rendered":"Robinhood Buys Back $605.7M Stock from FTX Founders"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Robinhood, the well-known trading platform, has entered into an agreement to repurchase its stock worth $605.7 million. This stock was previously <a href=\"https:\/\/igaming.org\/crypto\/ftx-ceo-sam-bankman-fried-takes-7-6-stake-in-robinhood\/\">in the hands of Sam Bankman-Fried<\/a>, the founder of FTX, a crypto exchange that went bankrupt.<\/p>\n<p>Earlier in the year, the U.S. government took control of 55 million HOOD shares. These shares were linked to Sam Bankman-Fried and Gary Wang, both of whom co-founded FTX. The shares were held under the banner of Emergent Fidelity Technologies.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>It\u2019s essential to note that this buyback move was greenlit by the U.S. District Court for the Southern District of New York. The approval date was Aug. 28, as mentioned in a filing with the U.S. Securities and Exchange Commission on Aug. 30.<\/p>\n<p>Moreover, this agreement was made in collaboration with the United States Marshal Service (USMS). They were instrumental in ensuring the transition of shares was smooth and according to legal protocols.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/robinhood-regains-stock-from-ftx-founders-for-605-7m\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Robinhood, the well-known trading platform, has entered into an agreement to repurchase its stock worth $605.7 million. This stock was previously in the hands of Sam Bankman-Fried, the founder of FTX, a crypto exchange that went bankrupt. Earlier in the year, the U.S. government took control [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":23229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23228"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23228"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23229"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}