Emergent Fidelity Technologies

Emergent Fidelity Technologies, the offshore entity that holds 55 million shares of Robinhood Markets Inc (NASDAQ: HOOD), filed for bankruptcy on Friday, as multiple parties try to claim ownership of the stock, Bloomberg reported. The value of the Robinhood shares is estimated to be over $590...

Former FTX CEO Sam Bankman-Fried borrowed hundreds of millions of dollars from Alameda Research to purchase a stake in Robinhood Markets, according to court records. In an affidavit delivered to a Caribbean court before his detention, Bankman-Fried stated that he and FTX co-founder Gary Wang...

Crypto exchange FTX (CRYPTO: FTT) has sought help from a U.S. bankruptcy court in a dispute over ownership of Robinhood Markets Inc (NASDAQ: HOOD) stock valued at roughly $450 million, according to a petition filed on Thursday. About 56 million shares of the brokerage owned by Emergent Fidelity...