In a recent court filing, FTX Debtors revealed financial statements detailing payments made 90 days to a year before the crypto exchange collapse. Among them, a $2.5 million transaction was made to the American Yacht Club, benefiting former Alameda Research co-CEO Sam Trabucco.
and FTX co-founder Gary Wang purchased Robinhood shares in April 2022, totalling $35,185,242. They continued their acquisitions of Robinhood in May 2022, spending an additional $19.45 million. It discloses that Bankman-Fired held a 90% share ownership, with Wang owning the remaining 10%.
Recently, Robinhood declared that it has bought back all shares previously held by FTX and Alameda Research.of 55,273,469 shares for roughly $606 million. Following the purchase announcement, Robinhood’s chief financial officer Jason Warnick emphasized that the company is happy with the result: “We are happy to have completed the purchase of these shares and look forward to executing on our growth plans on behalf of our customers and shareholders.”
Several cash payments were disclosed to executives including Bankman-Fried and Wang, as well as FTX director of engineering Nishad Singh, former FTX chief marketing officer Darren Wong, and former FTX chief operating officer Constance Wang, all within the twelve months prior to the collapse. However, it notes that the disclosures are limited to fiat currency. “Responses to this question do not currently include all transfers of cryptocurrency, other digital assets or other assets,” it stated.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX filing shows company bought yacht for former co-CEO Sam TrabuccoThe filings also revealed over $900 million in payments to Sam Bankman-Fried and $3.5 million for his ex-girlfriend Caroline Ellison.
Read more »
Walgreens Boots Alliance CEO Rosalind Brewer resigns; Ginger Graham named interim CEOShares for Walgreens Boots Alliance slipped about 1% at the opening bell Friday.
Read more »
Creditors Accuse Genesis of Ballot-Stuffing Over $175M FTX DealGenesis is facing headwinds as it seeks to finalize its wind-up after a January bankruptcy – and is now being accused by Gemini and other creditors of voter “manipulation.”
Read more »
FTX founder’s expert witnesses could cost up to $1.2K an hourSam Bankman-Fried could pay his expert witnesses up to $1,200 per hour should they testify on his behalf.
Read more »
Robinhood Jumps After Buying Back Stock Once Owned by FTX’s Sam Bankman-FriedThe broker's connection to the former FTX CEO once hurt the stock, but it looks like the overhang is now cleared.
Read more »
Barstool CEO Erika Ayers Badan addresses company’s mass layoffs: ‘They’re all stars’Barstool Sports is feeling the pinch, and its CEO is saddened by the loss of employees at the company.
Read more »