FTX reaches a settlement with Emergent over $606 million in Robinhood shares, agreeing to pay $14 million in administrative fees
ChainCatcher news, according to Cointelegraph, the bankrupt crypto exchange FTX has reached a significant agreement with Emergent Technologies, an entity founded by Sam Bankman-Fried, regarding the ownership of Robinhood shares.
According to legal documents submitted by FTX CEO John Ray III to the Delaware bankruptcy court on September 6, 2024, FTX will pay Emergent $14 million to settle the administrative costs related to the latter's withdrawal of 55 million shares of Robinhood and associated cash claims.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
