1 year ago
Popular trading level Robinhood (HOOD) has agreed with the United States Marshal Service (USMS) to bargain backmost $605.7 cardinal successful banal antecedently owned by Sam Bankman-Fried, laminitis of the now-bankrupt crypto speech FTX.
The U.S. authorities seized the 55 cardinal HOOD shares owned by Bankman-Fried and chap FTX co-founder Gary Wang done Emergent Fidelity Technologies holding institution astir the commencement of this year.
The stock repurchase statement was approved by the U.S. District Court for the Southern District of New York connected Aug. 28, according to a U.S. Securities and Exchange Commission Filing dated Aug. 30.
Robinhood shares climbed astir 3% to $11.21 during the aboriginal Friday trading session.
Edited by Aoyon Ashraf.
English (US) 