Robinhood stake bought by execs of failed FTX exchange is at center of court fight


Creditors and investors are reportedly fighting for control of an 8% stake in Robinhood Markets Inc. that Sam Bankman-Fried and another executive of failed crypto exchange FTX Trading Ltd. bought earlier this year.

FTX co-founders Bankman-Fried and Gary Wang said in a Dec. 12 court filing in the Caribbean island of Antigua that they borrowed more than $546 million from Alameda Research to buy 56 million shares of Menlo Park-based Robinhood (Nasdaq:HOOD).

Executives who took over FTX after it…

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