Robinhood strikes deal with U.S. Marshal Service to buy back Sam Bankman-Fried’s seized shares

Robinhood‘s proposed deal to repurchase shares seized from Sam Bankman-Fried by the U.S. Marshal Service (USMS) has been approved by a federal court in the Southern District of New York.

As a result, Robinhood will be allowed to buy back shares seized from Bankman-Fried’s Emergent Fidelity Technologies for $605.7 million, according to a statement released by the company.