In an application filed in the United States District of Delaware Bankruptcy Court, various payments that directly benefit senior company executives at FTX and Alameda Research were described as payments or property transfers, specifically payments made in the year before FTX’s collapse. However, FTX borrowers state that there are no guarantees as to the absolute accuracy or completeness of the data and assumes no liability for errors or omissions.

In March 2022, a $2.51 million transaction was directed from the company to the American Yacht Group in favor of former Alameda Research co-CEO Sam Trabucco. Just a few months after this transaction, Trabucco confirmed in a tweet in August 2022 that he owned a boat while informing his followers about his resignation. In response to Trabucco’s tweet, Caroline Ellison, Alameda’s former co-CEO with Trabucco, wished him well and said he hoped he would spend more time on his boat.

Meanwhile, several cash payments to former FTX executives in the twelve months before the collapse, including Sam Bankman-Fried and Gary Wang, as well as former FTX engineering director Nishad Singh, former FTX marketing manager Darren Wong, and former FTX business manager Constance Wang. declared done.

Robinhood Shares Acquired by FTX

With this development, he notes that the disclosures are only about the extent to which fiat currency and crypto transactions can be tracked. The following statements were included in the statement:

“Answers to this question currently do not include all cryptocurrency transfers, other digital assets or other assets.”

The filing also highlighted that Bankman-Fried and FTX co-founder Gary Wang purchased Robinhood shares for a total of $35,185,242 in April 2022. They spent another $19.45 million continuing to buy Robinhood stock in May 2022. It was announced that Bankman-Fried owns a 90% stake, while Wang owns the remaining 10% through their company, Emergent Fidelity Technologies. However, in January, the US Department of Justice confiscated shares of Bankman-Fried and Wang.

On August 31, Robinhood reported that it has repurchased all shares previously held by FTX and Alameda Research. Robinhood announced in a statement that it has completed the acquisition of 55,273,469 shares for approximately $606 million. Following the acquisition announcement, Robinhood’s chief financial officer Jason Warnick expressed satisfaction with the company’s outcome:

“We are delighted to have completed the acquisition of these shares and look forward to implementing our growth plans on behalf of our customers and shareholders.”