<p>The post <a rel="nofollow" href="https://coinpedia.org/crypto-live-news/robinhood-to-buy-back-605-7m-in-stock-from-ftx-founder-court-approves-deal/">Robinhood to Buy Back $605.7M in Stock from FTX Founder; Court Approves Deal!</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Robinhood, the online brokerage company, has been approved by the US District Court in New York to buy back $605.7 million worth of shares owned by FTX founder Sam Bankman-Fried. The approval comes after a legal battle between the two companies over Robinhood’s decision to restrict trading in certain stocks, including GameStop, in early 2021. As part of the settlement, Bankman-Fried agreed to sell his shares back to Robinhood at a price determined by an independent valuation. The buyback is expected to be completed in the coming weeks.</p>

Robinhood to Buy Back $605.7M in Stock from FTX Founder; Court Approves Deal!

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