FXT founder and former CEO Sam Bankman-Fried (SBF) borrowed over $546 million from his trading house, Alameda Research, to purchase a 7.6% stake in Robinhood earlier this year. According to an affidav...
Tag: 546M
Alameda Lent SBF $546M For Robinhood Share Buy
Sam Bankman-Fried, the disgraced founder of the cryptocurrency exchange FTX, used a loan of almost $546 million from Alameda Research, the exchange’s sister organization, to finance his acquisit...
SBF’s $546m loan from Alameda to buy Robinhood stake comes to light
Sam Bankman-Fried reportedly received a loan from his quantitative trading firm Alameda Research, to facilitate the purchase of his stake in American stock brokerage firm Robinhood Markets. This devel...
SBF borrowed $546M from Alameda to fund Robinhood share purchase
Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, borrowed over $546 million from the exchange’s sister firm Alameda Research to fund his purchase of Robinhood shares. Those sam...
Coinbase burns $546M of USD resources as it reports another quarter in the red with a 55% revenue decline
Coinbase reported its third-quarter earnings after the bell on Nov. 3, revealing a decline of 55% in revenue year-over year as Q3 revenue came in at $590.3 million, down from $1.31 billion in Q3 2021....