Topics

Posted 9/1/2023, 1:42:00 PM

Robinhood to Buy Back Sam Bankman-Fried's Stake for $605.7M

Popular trading platform Robinhood has agreed to repurchase $605.7 million in stock previously owned by Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, in a deal approved by the U.S. District Court for the Southern District of New York.

coindesk.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.

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

Robinhood expands its crypto wallet to include support for bitcoin and dogecoin, allowing users to send and receive these cryptocurrencies in addition to ether and tokens built on the Ethereum blockchain. They also introduce swap features for select users to trade ether for over 200 different assets.

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.

9/3/2023

FTX court filing reveals former Alameda CEO's $2.5M yacht purchase

FTX Debtors have disclosed payments benefiting company executives leading up to the collapse of the cryptocurrency exchange, including a $2.51 million transaction to former Alameda Research co-CEO Sam Trabucco and the purchase of Robinhood shares by FTX co-founders Bankman-Fried and Wang.

9/4/2023

Sam Bankman-Fried Collected $905,768,503 in Cash Payments From FTX Months Prior To Collapse: Court Filing - The Daily Hodl

Former FTX founder Sam Bankman-Fried received nearly $1 billion in cash payments from the crypto exchange before its collapse, while other ex-executives also benefited from the funds, court filings reveal.

9/13/2023

Judge Allows FTX to Sell and Invest Crypto Holdings to Pay Back Creditors

Crypto exchange FTX has been given approval by a U.S. Bankruptcy Court to sell and invest its holdings of cryptocurrency, which are valued at over $3.4 billion, in order to repay its creditors.

9/13/2023

FTX Allowed to Liquidate Assets After Bankman-Fried Charged With Illegally Transferring Funds

The collapsed crypto exchange FTX has been granted permission to liquidate its digital assets to repay creditors, including Bitcoin, Ether, and Solana, amounting to around $3.4 billion. The founder of FTX, Sam Bankman-Fried, is facing charges of fraud and conspiracy, with his bail being revoked last month.

9/16/2023

Robinhood Insider Sells $868K in Shares as Executives Cash Out Despite High Ownership

Insiders at Robinhood Markets have been selling more shares than they have been buying, with the recent sale by Daniel Gallagher being the largest in the past year. While high insider ownership suggests alignment with shareholders, the selling activity leaves some caution.

Topics

Posted 9/1/2023, 1:42:00 PM

Robinhood to Buy Back Sam Bankman-Fried's Stake for $605.7M

coindesk.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.

9/3/2023

FTX court filing reveals former Alameda CEO's $2.5M yacht purchase

9/4/2023

Sam Bankman-Fried Collected $905,768,503 in Cash Payments From FTX Months Prior To Collapse: Court Filing - The Daily Hodl

9/13/2023

Judge Allows FTX to Sell and Invest Crypto Holdings to Pay Back Creditors

Crypto exchange FTX has been given approval by a U.S. Bankruptcy Court to sell and invest its holdings of cryptocurrency, which are valued at over $3.4 billion, in order to repay its creditors.

9/13/2023

FTX Allowed to Liquidate Assets After Bankman-Fried Charged With Illegally Transferring Funds

9/16/2023

Robinhood Insider Sells $868K in Shares as Executives Cash Out Despite High Ownership