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How Jump helped US Robinhood users trade offshore at FTX

Jump Trading apparently lost nearly $300 million on FTX, before the collapse Jump was one of the largest Robinhood market makers.

Robinhood struggles continue, SBF shares up in the air

Sam Bankman-Fried’s Robinhood shares could cause a major price meltdown, unless the DoJ or liquidators agree to sell them back to the firm.

Robinhood customers have assets held and transactions processed by a labyrinth of opaque service providers, including Jump Crypto.

Robinhood wanted Ziglu for $170 million in April but now says it will pay just $72.5 million, leaving Ziglu investors way down on the deal.

Robinhood’s compliance program was understaffed and the company was too slow in moving away from its manual transaction monitoring system.