Robinhood Buys Back $605M Of Seized Bankman-Fried Stock

By Al Barbarino · September 1, 2023, 1:01 PM EDT

Robinhood said Friday it has repurchased about $605.7 million worth of its shares that had been seized by the U.S. government from an entity controlled by Sam Bankman-Fried, the now-jailed ex-CEO...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

Cryptocurrency exchange FTX filed for Chapter 11 on Nov. 11, 2022, after a rapid collapse in value.

Case Number

1:22-bk-11068

Judge

John Dorsey

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

Total liabilities are still to be determined, as a full plan has yet to be filed and FTX's tax liability is still being resolved. The IRS has filed a claim for $8 billion.

View Full Scorecard