FTX FINALIZES
#Robinhood’s 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
#bankmanfried , were resold to Robinhood for $606 million.
A related court hearing is set for October 22.
(🌐Sources:
#Cointelegraph )