**FTX Strikes a Deal: Robinhood Shares Drama Ends! 🤑**

- Bankrupt crypto exchange FTX has inked a deal with Emergent Technologies over $600M worth of Robinhood shares.

- FTX will shell out $14M to Emergent for administrative expenses, as per a Sept. 6 motion by FTX CEO John Ray III.

- This move helps Emergent fast-track its bankruptcy case in Antigua and recovers more funds for FTX's creditors.

- The agreement, a result of "good faith" negotiations, aims to dodge further litigation costs.

- The Justice Department seized the shares in January 2023, and Robinhood repurchased them for $606M on Sept. 1, 2023.

- A hearing on the motion is set for Oct. 22.