Robinhood to repurchase SBF's Robinhood stock from U.S. government for $605.7 million

Odaily Planet Daily News Robinhood signed an agreement with the Federal Marshals Service (USMS) to repurchase stock from SBF's Emergent Fidelity Technologies for $605.7 million. After FTX and Emergent filed for bankruptcy protection last year, Robinhood's stock was seized and subsequently transferred to the custody of the U.S. government. (Reuters) According to Odaily's report at the beginning of the year, the US Department of Justice seized more than 55 million Robinhood shares held by Sam Bankman-Fried and his FTX co-founder Gary Wang through the holding company Emergent Fidelity Technologies. The shares had previously been held in an account with British brokerage ED&F Man.