🚀【Blockchain News】FTX and Emergent reach an agreement to resolve the issue of Robinhood share ownership!

FTX and Emergent Technologies have reached an important agreement on the issue of Robinhood share ownership. FTX will pay $14 million to resolve Emergent's administrative expenses for withdrawing 55 million Robinhood shares and related cash claims.

Public information shows that Emergent acquired approximately 56 million Robinhood shares through an agreement with Sam Bankman-Fried and Alameda Research in May 2022, which was valued at approximately $600 million at the time. After the collapse of FTX, the U.S. Department of Justice seized these shares in January 2023. On September 1, 2023, Robinhood repurchased these shares for approximately $606 million.

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