ChainCatcher reported that according to Cointelegraph, the bankrupt crypto exchange FTX has reached an important agreement with Emergent Technologies, an entity founded by Sam Bankman-Fried, on the ownership of Robinhood shares.

According to the legal documents filed by FTX CEO John Ray III to the Delaware Bankruptcy Court on September 6, 2024, FTX will pay Emergent $14 million to resolve the latter's administrative expenses for withdrawing 55 million shares of Robinhood shares and related cash claims.