Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards 
Ethereum Ignites: Fusaka Upgrade Unleashes 9× Scalability as ETH Holds Strong Above $3,100 – Bull Run Reloaded 
Gold Prices Rise as Markets Await Trump’s Policy Announcements 
Insignia Financial Shares Hit 3-Year High Amid Bain and CC Capital Bidding War 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
South Korea to End Short-Selling Ban as Financial Market Uncertainty Persists 
Tech Stocks Rally in Asia-Pacific as Dollar Remains Resilient 
Bitcoin Hits $100K Milestone Amid Optimism Over Trump Policies 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Robinhood, an American financial services company that sets up commission-free trades of stocks, exchange-traded funds and cryptocurrencies, revealed it was able to buy back shares that FTX founder Sam Bankman-Fried previously owned.
Robinhood completed the buyback deal late last week and paid $606 million. The shares were part of the recovered assets when FTX went bankrupt last year. In a recent Securities and Exchange Commission (SEC) filing, it was disclosed that some seized shares that were once in the hands of SBF were sold to Robinhood shortly after a court's approval.
Bankman-Fried pleaded not guilty to several fraud charges concerning the collapse of his crypto exchange company, FTX. He was taken into custody and stays in Brooklyn's Metropolitan Detention Center (MDC) while waiting for his trial set for Oct. 2.
In any case, Decrypt reported that when the U.S. Justice Department (DOJ) took custody of the shares earlier this year, they were valued at $450 million. Robinhood indicated in its recent SEC filing that it used corporate cash to buy back the Bankman-Fried's shares.
"The U.S. Marshalls Service or their designees are authorized to pursue a private sale of the Robinhood Shares," District Judge Lewis Kaplan wrote when he allowed the sale. He implied it was approved as "it is in the best interests of the relevant stakeholders."
As per CoinDesk, the deal happened after Robinhood agreed with the United States Marshal Service (USMS) to get back $605.7 million worth of stock from SBF, equivalent to 7.6%. This comes after the government seized 55 million Robinhood shares that the FTX co-founders owned - Bankman-Fried and Gary Wang. The regulators obtained the asset through Emergent Fidelity Technologies holding company in January.
Meanwhile, the U.S. District Court for the Southern District of New York authorized the repurchase agreement for the shares. Not long after the news of Robinhood's buyback emerged, its stock price increased by around three percent to $11.21 on Friday's trading session.
