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 […]
Related News
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, […]
Through a monitored X social media account managed by a friend, FTX founder Sam Bankman-Fried has shared new details about what happened to users’ crypto after he was incarcerated for misusing funds, which led to the loss of approximately $10 billion in customer deposits. SBF claims that most customer assets were never lost and that […]
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. […]