The US allows restructuring of the team to summon SBF and internal personnel; Robinhood releases Q4 financial report, plans to repurchase SBF shares.

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US Judge Allows FTX New Leadership to Subpoena SBF and Other Insiders

US Judge John Dorsey has granted permission for FTX's new leadership and its official creditors committee to subpoena FTX founder SBF and executives Gary Wang, Caroline Ellison, as well as SBF's parents and siblings. The order states that if an independent examiner is appointed, the scope of information requests can still be adjusted, primarily due to concerns from the Department of Justice about potential duplicative efforts. Additionally, the judge has signed a second order allowing FTX to subpoena third parties from the date of filing for bankruptcy protection to obtain information possibly related to the exchange's hack.

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Robinhood Q4 Crypto Revenue at $39 Million, Plans to Buy Back SBF's Stake

Stock and cryptocurrency trading platform Robinhood reported fourth-quarter cryptocurrency trading revenue of $39 million last year, a 24% decrease from $51 million in the third quarter.

Robinhood also announced that its board has authorized the repurchase of all or most of the 55 million shares of Robinhood stock purchased by former FTX founder SBF and executive Gary Wang's holding company in May 2022, which were seized by the US Department of Justice last month and were valued at nearly $500 million at the time.

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