(Reuters) – Robinhood said on Friday it had entered into a share repurchase agreement with the United States Marshal Service(USMS) to buy back stock from Sam Bankman-Fried’s Emergent Fidelity Technologies.
The shares of Robinhood were seized and subsequently transferred to the custody of the U.S. government after Bankman-Fried’s FTX and Emergent filed for bankruptcy protection last year.
(Reporting by Manya Saini in Bengaluru)
