Robinhood pays $605 million for 55 million shares once owned by Sam Bankman-Fried following a 4-way tussle

Robinhood has repurchased $605 million worth of shares that were once owned by Sam Bankman-Fried, which were seized by the Department of Justice, settling a four-party dispute over the assets.

businessinsider.com

Relevant topic timeline:

8/24/2023

Mysterious Owner Behind $3 Billion Bitcoin Wallet Has Finally Been Exposed

A wallet that accumulated $3 billion worth of Bitcoin in the last three months has revealed its owner to be Robinhood, although there is also evidence pointing to crypto exchange Gemini, raising doubts about Robinhood's ownership.

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Robinhood Revealed to be Third-Largest Bitcoin Holder With $3B in BTC

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Robinhood bought back Sam Bankman-Fried's stake from US govt for $606M

Cryptocurrency trading platform Robinhood has purchased more than 55 million shares previously held by former FTX CEO Sam Bankman-Fried, following approval from the company's board and a US district court.