Sealing the deal, Robinhood and the USMS solidified their share purchase agreement this past Wednesday. The very same day, the U.S. District Court for the Southern District of New York gave its nod of approval, with the Wednesday SEC filing shedding light on the intricacies. Robinhood’s strong financial fortress, represented by its balance sheet, backed the purchase.
Bankman-Fried’s illustrious crypto empire, which once seemed invincible, crumbled last November. The U.S. government swiftly seized the shares, adding to the dramatic fall from grace. Despite the weight of fraud and conspiracy charges looming over him, Bankman-Fried maintains his innocence. Yet, as the plot thickens, a Manhattan federal judge deemed it fit for him to be incarcerated, as the world awaits his October trial with eager anticipation.
