TruthLabs: Robinhood Launders Funds of the bankrupt FTX crypto exchange
Analysts at TruthLabs announced that part of the funds of clients of the bankrupt FTX exchange went to an affiliated company Alameda, then ended up in Special Purpose Venicle accounts, and then went to Robinhood accounts.
The TruthLab investigation into money laundering of FTX clients was launched early last year, when over $400 million in ether from the Gemini cryptocurrency exchange was transferred to a wallet linked to the Robinhood public address.
TruthLab notes that the funds were received a month after Robinhood launched its cryptocurrency wallet. Then the same public address transferred $140 million to an account associated with the Bitmart exchange partner company.
TruthLabs recalled that Robinhood was fined for violating anti-money laundering and information security rules.
Earlier, Robinhood bought back more than 55 million of its own shares, which were confiscated by the US Department of Justice in January. Initially, the shares were acquired by Emergent Fidelity Technologies holding, a controlling stake of which belonged to FTX creator Sam Bankman-Fried.
Source: https://bits.media/truthlabs-robinhood-otmyvaet-sredstva-bankrotyashcheysya-kriptobirzhi-ftx/
