Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
Robinhood, the online brokerage company, has been approved by the US District Court in New York to buy back $605.7 million worth of shares owned by FTX founder Sam Bankman-Fried. The approval comes after a legal battle between the two companies over Robinhood’s decision to restrict trading in certain stocks, including GameStop, in early 2021. As part of the settlement, Bankman-Fried agreed to sell his shares back to Robinhood at a price determined by an independent valuation. The buyback is expected to be completed in the coming weeks.
