Golden Finance reported that, according to the research of encryption researcher Simon, FTX founder Sam Bankman-Fried (SBF) once purchased 56.27 million shares of Robinhood at an average price of $11.52 in 2022, with a total value of approximately $6.48 billion, accounting for about 7.6% of the company's shares.
As of now, the Robinhood stock price has risen to $82.18, and if SBF still holds these shares, the value will reach 4.6 billion dollars. However, after the collapse of FTX, the US Department of Justice seized these stocks, and later Robinhood bought them back for 6.06 billion dollars.