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 )