SBF Took $546M Loan From Alameda to Buy Robinhood Shares
New evidence shows that SBF borrowed over half a billion dollars from Alameda to purchase 56 million Robinhood shares.Â
New evidence shows that SBF borrowed over half a billion dollars from Alameda to purchase 56 million Robinhood shares.Â
FTX CEO, crypto lender, and creditor battle for control of multi-million dollar Robinhood stake in US court
Damage from FTX fallout has been widespread and Robinhood's near-term outlook appears to be gloomy.Â
The report claims that SBF tried to sell his HOOD shares even after pledging an agreement with BlockFi.
The popular stock trading platform that also offers digital asset services is the latest to feel the effects of the
Robinhood will dismiss 23% of its staff because of the surging inflation, the crypto market crash, and the disappointing quarterly
The penalty marks the New York State Department of Financial Services’ first enforcement action within the crypto industry.Â
SBF has hinted at potential partnerships in the future despite clarifying no active M&A conversations.Â
The popular cryptocurrency exchange may be extending its influence again as the crypto market reels from its financial woes.
Following Binance US's announcement, shares of Coinbase and Robinhood have dropped respectively.