A CRYPTOCURRENCY platform run by Robinhood Markets will pay US$3.9 million for failing to let customers withdraw cryptocurrency from their accounts from 2018 to 2022, California Attorney General Rob Bonta said on Wednesday.
The settlement with Robinhood Crypto also resolves claims that the platform failed to fully disclose aspects of its trading and order handling arrangements.
Bonta said the civil settlement marks his office’s first public action against a cryptocurrency company. REUTERS
The NY Journals pride themselves on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.
Transcending the bounds of New York City to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.
© 2025 The New York Journals. All Rights Reserved.
