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