Another company owned by disgraced cryptocurrency moghul Sam Bankman-Fried filed for bankruptcy on Friday, February 3. Emergent Fidelity Technologies, an offshore company that owns 55 million shares of stock and cryptocurrency trading entity Robinhood, failed to honour its financial obligations and thus filed for bankruptcy.

FTX founder Sam Bankman-Fried entity with ‘Robinhood’ credentials, files for bankruptcy

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FTX founder Sam Bankman-Fried entity with ‘Robinhood’ credentials, files for bankruptcy