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Robinhood Reclaims Bankman-Fried’s Stake From Uncle Sam’s Vault

Robinhood Markets Inc on Friday announced a deal to repurchase 55.3 million shares of its own stock from the U.S. government for $605.7 million. The shares were initially seized from Sam Bankman-Fried, the founder of FTX, following his bankruptcy and ongoing legal issues.

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