{"id":137071,"date":"2024-09-11T11:00:56","date_gmt":"2024-09-11T08:00:56","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137071"},"modified":"2024-09-10T16:04:01","modified_gmt":"2024-09-10T13:04:01","slug":"ftx-settles-600-million-dispute-over-robinhood-shares","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ftx-settles-600-million-dispute-over-robinhood-shares\/","title":{"rendered":"FTX Settles $600 Million Dispute Over Robinhood Shares"},"content":{"rendered":"

This deal, announced<\/a><\/strong> on September 6 by FTX CEO John Ray III, will cover administrative costs related to Emergent\u2019s withdrawal of a petition for 55 million Robinhood shares and cash. The settlement also paves the way for Emergent to expedite its bankruptcy proceedings in Antigua.<\/p>\n

FTX stated that this agreement will help recover more assets for creditors and minimize further litigation expenses, marking a significant step in its reorganization efforts.<\/p>\n

The shares were initially acquired by Emergent in May 2022 through an arrangement with Sam Bankman-Fried and Alameda Research. Following FTX\u2019s collapse and subsequent Justice Department seizure, the shares were sold back to Robinhood in September 2023.<\/p>\n