Why did Dave buy back $100m note from FTX?

Fintech Dave buys back $100M note from troubled FTX for $71M, distancing from crypto amid expansion and FTX's legal woes. Fintech firm Dave has decided to distance itself from the troubled crypto exchange FTX. Dave announced its plan to repurchase a $100 million convertible promissory note from FTX Ventures, the venture capital arm of FTX.

Will Dave repurchase a $100 million convertible promissory note from FTX?

Fintech firm Dave has decided to distance itself from the troubled crypto exchange FTX. Dave announced its plan to repurchase a $100 million convertible promissory note from FTX Ventures, the venture capital arm of FTX. This development comes as a response to the bankruptcy and legal challenges surrounding FTX.

Did FTX invest $100 million in Robinhood?

Dave received the $100 million investment from FTX Ventures and formed a strategic partnership with the exchange’s U.S. branch to introduce digital asset payments onto its platform. Up until its collapse, FTX and Bankman-Fried were prolific investors, including a $600 million stake in Robinhood.