Tag: robinhood
: AMC CEO slams Robinhood over alert wrongly claiming theater chain had filed for bankruptcy
: Robinhood accidentally sold short on a meme stock and lost $57 million
The Wall Street Journal: Feds move to seize Robinhood shares, Silvergate accounts tied to FTX
FTX’s Sam Bankman-Fried Borrowed From Alameda To Buy Robinhood Shares
Crypto lender BlockFi, which like FTX has filed for bankruptcy, alleged in a court document (PDF) that it was owed the rights to the Robinhood shares due to a deal Bankman-Fried made in early November. The shares were pledged as collateral against a loan taken out by Alameda Research — the same firm whose funds were used to purchase the shares to begin with, according to Tuesday’s filing.
Read more of this story at Slashdot.
FTX Asks Judge For Help In Fight Over Robinhood Shares Worth About $450 Million
FTX’s bankruptcy estate told ED&F Man Capital Markets, the brokerage where the shares are parked, to freeze the stock around the time the Chapter 11 case began on Nov. 11. FTX has determined that Emergent only “nominally” owns the shares and that they truly belong to FTX. “Emergent is a special-purpose holding company that appears to have no other business,” the crypto exchange said in the filing. The judge overseeing the bankruptcy case should force the shares to remain frozen while FTX tries to figure out how to repay all its creditors, FTX argued in the filing.
Read more of this story at Slashdot.
Robinhood Debuts New Non-Custodial Crypto Wallet
Read more of this story at Slashdot.
Robinhood to face class action lawsuit from meme stock debacle: Report
It’s been more than a year, but investors continue to make allegations against Robinhood following the January 2021 controversy around trading GameStop and AMC stocks.