FTX has reached an agreement with Emergent Technologies to resolve claims over $600 million worth of Robinhood shares. The bankrupt crypto exchange will pay Emergent $14 million to cover administrative costs in exchange for Emergent dropping its petition for the shares. The shares, initially acquired by Sam Bankman-Fried’s Emergent, were seized by the U.S. Department of Justice after FTX’s collapse. FTX CEO John Ray III described the settlement as a crucial step to maximize recovery for creditors, avoiding additional litigation expenses.