Faizan
@faizco
🇺🇸 FTX FINALIZES $600M ROBINHOOD SHARE TRANSACTION FTX secured a deal involving $600 million in Robinhood shares with Emergent Technologies. FTX paid $14 million to settle Emergent’s claim for 55 million shares, streamlining Emergent’s bankruptcy process in Antigua and reducing FTX’s legal challenges. The shares, originally linked to Sam Bankman-Fried, were resold to Robinhood for $606 million. A related court hearing is set for October 22. 🌐Sources: Cointelegraph
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