Robinhood Shares Rally 20% After FTX Founder Sam Bankman-Fried Acquires 7.6% ...
One of the most prominent names in cryptocurrencies is placing a wager on individual investors. Sam Bankman-Fried, chief executive officer of cryptocurrency exchange FTX, has acquired a 7.6 percent investment in stock and cryptocurrency trading app Robinhood, according to a filing with the U.S. Securities and Exchange Commission today. The billionaire spent approximately $648 million […]
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Shares in the popular online brokerage Robinhood have spiked over 30% in after hours trading following billionaire Sam Bankman-Fried acquiring a 7.6% stake in the company. Sam Bankman-Fried, the billionaire founder and CEO of cryptocurrency exchange FTX has acquired a substantial 7.6% stake in the popular online brokerage, Robinhood. The news was well received by the market, with Robinhood’s (HOOD) stock price initially soaring over 30% in after hours trading. At the time of writing the price has settled to a 24% overall gain.According to a securities filing made with the Securities and....
Robinhood, the popular online brokerage platform, has successfully executed a significant share repurchase agreement, acquiring $605 million worth of shares from Emergent Fidelity Technologies, owned by Sam Bankman-Fried, former CEO of the bankrupt crypto exchange FTX. The company filed an 8-K form with the US Securities and Exchange Commission (SEC) to officially announce the agreement, […]
Sam Bankman-Fried’s legal team has complained to a Magistrate Judge about the “outrageous” prison conditions the former FTX CEO is being held in. The attorney stated that Bankman-Fried is living on meager sustenance due to the prison’s inability to provide him with an appropriate diet. Former FTX Founder Complains Of Unsavory Prison Meals Sam Bankman-Fried, […]
During the ongoing trial of Sam Bankman-Fried, co-founder of the now-defunct FTX crypto exchange, startling revelations have emerged regarding his understanding of cryptocurrency. FTX Co-Founder’s Shocking Testimony According to live coverage of the trial by The Guardian, Bankman-Fried confessed to knowing “basically nothing” about cryptocurrency before launching FTX and its affiliated hedge fund, Alameda Research. […]
FTX founder Sam Bankman-Fried (SBF) will have his details including tweets, memos, and images of his penthouse used as evidence against him in the Federal District Court in Manhattan. FTX Founder’s Hidden Evidence Comes To Light Founder and former Chief Executive Officer of Bankrupt FTX Trading Ltd, Sam Bankman-Fried may be in hot water, as […]