News with the tag "emergent"

In an interesting development, the FTX Debtors’ Estate is currently battling claims from certain parties over the ownership of assets forfeited by Sam Bankman-Fried (SBF) following the criminal conviction of the former FTX CEO for fraud and money laundering. In a petition submitted on Friday, the de...

The Nigerian Web3 startup Nestcoin has reportedly secured a total of $1.9 million in funding from both existing and new investors. The capital raised will be used to bolster Nestcoin’s finances and further develop the startup’s non-custodial wallet. Impact of FTX’s Collapse on Nestcoin The Nigerian ...

Online broker Robinhood is going to buy back the stake purchased by a company of crypto exchange FTX founder Sam Bankman-Fried (SBF). The fintech intends to pay $605.7 million for the shares that were transferred to the custody of the U.S. government after the bankruptcy of SBF’s businesses. Robinho...

Robinhood has successfully repurchased $605 million worth of its shares from Sam Bankman-Fried’s Emergent Fidelity Technologies. The share repurchase agreement received approval from the U.S. District Court for the Southern District of New York on August 28, according to a filing with the U.S. Secur...