đš FTX Finalizes Settlement Over $600M Robinhood Shares Claim! đ„
Big news from the bankrupt crypto exchange FTX! FTX has struck a $14 million deal with Emergent Technologies (founded by Sam Bankman-Fried) to settle their claim over 55 million Robinhood shares worth over $600 million. đ
Hereâs the scoop:
FTX plans to use the $14 million to cover Emergent's administrative expenses as they withdraw their petition for the Robinhood shares. đ This move not only helps FTX quickly resolve the Emergent bankruptcy case in Antigua, but it also ensures FTX recovers more money for its creditors while dodging further legal costs. âïž
Another big step in the FTX saga â could this help creditors get closer to recovering their funds? Stay tuned! đ„
