Robinhood to buy back Bankman-Fried's stake for $605.7 million from U.S. government

Robinhood has entered into a $605.7 million share repurchase agreement with the United States Marshal Service to buy back stock from Sam Bankman-Fried's Emergent Fidelity Technologies.

cnbc.com

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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 and Jump Trading No Longer Have Crypto Partnership: Source

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Robinhood Jumps After Buying Back Stock Once Owned by FTX’s Sam Bankman-Fried

Robinhood's stock soars after repurchasing shares previously owned by Sam Bankman-Fried, the former CEO of FTX who is facing criminal charges.

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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.

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Posted 9/1/2023, 1:09:46 PM

Robinhood to buy back Bankman-Fried's stake for $605.7 million from U.S. government

Robinhood has entered into a $605.7 million share repurchase agreement with the United States Marshal Service to buy back stock from Sam Bankman-Fried's Emergent Fidelity Technologies.

cnbc.com

Relevant topic timeline:

8/24/2023

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

8/28/2023

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

Investing platform Robinhood holds over $3 billion in bitcoin in a single wallet, making it the third-largest bitcoin holder, behind Binance and Bitfinex.

8/29/2023

Robinhood and Jump Trading No Longer Have Crypto Partnership: Source

Robinhood has ended its business relationship with market-maker Jump Trading as the firm faces increased regulatory scrutiny and is reportedly backing away from the US market.

8/30/2023

Robinhood’s Crypto Wallet Adds Bitcoin and Dogecoin

9/1/2023

Robinhood Jumps After Buying Back Stock Once Owned by FTX’s Sam Bankman-Fried

Robinhood's stock soars after repurchasing shares previously owned by Sam Bankman-Fried, the former CEO of FTX who is facing criminal charges.

9/1/2023

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