Scottmelker on Nostr: DOJ Fines Robinhood $3.9M for Crypto Misconduct Robinhood Crypto settled with the DoJ ...
DOJ Fines Robinhood $3.9M for Crypto Misconduct
Robinhood Crypto settled with the DoJ for $3.9 million over allegations that it prevented customers from withdrawing crypto from 2018 to 2022, forcing them to sell their assets back to the platform.
The company was also found to have misled customers about pricing and delays in asset delivery.
As part of the settlement, Robinhood must allow withdrawals, ensure truthful advertising, and report significant settlement delays.
Source: The Defiant
Published at
2024-09-06 02:16:40Event JSON
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"content": "DOJ Fines Robinhood $3.9M for Crypto Misconduct\n\nRobinhood Crypto settled with the DoJ for $3.9 million over allegations that it prevented customers from withdrawing crypto from 2018 to 2022, forcing them to sell their assets back to the platform. \n\nThe company was also found to have misled customers about pricing and delays in asset delivery. \n\nAs part of the settlement, Robinhood must allow withdrawals, ensure truthful advertising, and report significant settlement delays. \n\nSource: The Defiant https://image.nostr.build/b946ce650fc22df00de3898a7f75492e0e85871b45be202558468a276fc9045f.jpg ",
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