Robinhood | ForkLog

ForkLog 19 09.01.2023

U.S. authorities seize Robinhood shares in Bankman-Fried case

The U.S. Department of Justice seized 55,273,469 Robinhood shares as part of the case against FTX founder Sam Bankman-Fried.

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ForkLog 20 28.12.2022

Bankman-Fried disclosed Alameda loan of $546 million to buy Robinhood shares

FTX co-founders Sam Bankman-Fried (SBF) and Gary Wang borrowed $546.4 million from Alameda Research to buy a 7.6% stake in Robinhood. This was stated in court documents.

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ForkLog 23 23.12.2022

FTX seeks court protection for $448 million Robinhood stake

The FTX exchange, which is in bankruptcy proceedings, has petitioned the court to protect a package of 56 million Robinhood Markets shares (worth about $448 million) from creditors.

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ForkLog 7 03.11.2022

Robinhood’s cryptocurrency revenue falls 12% in Q3 2022

In the third quarter of 2022, Robinhood's online-broker revenue from digital-asset-related activities fell 12% to $51 million. The company said this in a report published on November 2.

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ForkLog 5 24.10.2022

Robinhood to hire sanctions-compliance experts

Online broker Robinhood has posted openings for sanctions-compliance specialists in the anti-financial-crime division.

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ForkLog 12 27.09.2022

Robinhood launches beta version of a non-custodial Web3 wallet

The online broker Robinhood launched the beta version of a non-custodial Web3 wallet for 10,000 users.

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ForkLog 5 19.08.2022

Robinhood secures 58% discount on Ziglu acquisition

The online broker Robinhood has agreed to cut the purchase price of the Ziglu startup by 58% due to deteriorating market conditions. AltFi reports this, citing investor documents.

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ForkLog 10 12.08.2022

Robinhood faces class-action over market manipulation

Investors in GameStop Corp, AMC Entertainment Holdings Inc and seven other securities may file a market-manipulation lawsuit against the online broker Robinhood.

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ForkLog 18 10.08.2022

Robinhood to pay $9.9 million to class of users over outages

Robinhood will pay $9.9 million to a proposed class of users who sued the online broker over repeated outages of its app. The plaintiffs estimate their damages at $20.4 million.

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ForkLog 6 04.08.2022

Robinhood rules out takeover of online broker by FTX exchange

The online broker Robinhood is in a strong position as an independent company, and therefore does not consider the possibility of being acquired by the cryptocurrency exchange FTX or by competitor Charles Schwab. This was stated by the firm's CEO Vlad Tenev.

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ForkLog 8 03.08.2022

Robinhood to cut workforce by about 23%

Online broker Robinhood will reduce its workforce by about 23% amid a deteriorating macroeconomic environment and negative developments in the cryptocurrency market. This is stated in a letter from Robinhood CEO Vlad Tenev.

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ForkLog 6 02.08.2022

Robinhood’s crypto unit fined $30 million

The New York State Department of Financial Services fined Robinhood's crypto unit $30 million for breaches of cybersecurity and AML rules.

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