Robinhood Trading Platform to Pay $3.9M for Crypto-Withdrawal Failure

In a settlement with the California Department of Justice over crypto withdrawals, Robinhood Markets, Inc.'s (HOOD) cryptocurrency platform will pay $3.9 million. Per the claims, HOOD prevented its customers from withdrawing cryptocurrency from their accounts between 2018 and 2022. Per California's attorney general Rob Bonta, Robinhood violated California law as it failed to deliver cryptocurrencies that its customers bought, because of which, customers were unable to withdraw their assets, forcing them to ...