Sam Bankman-Fried losing Robinhood shares, judge’s sympathy
U.S. District Judge Lewis Kaplan denied a motion by SBF’s attorneys to preclude the DOJ from introducing evidence the government delivered to the defense after July 1.
U.S. District Judge Lewis Kaplan denied a motion by SBF’s attorneys to preclude the DOJ from introducing evidence the government delivered to the defense after July 1.
Financial services platform Robinhood's new CEO, Jordan Sinclair, plans to offer brokerage services to residents in the country and seeks talent for its U.K. arm.
The stock and digital asset trading platform will lay off about 150 people, mostly in customer experience and safety, as meme stock frenzy fizzles out.
The settlement of the fine over the 2020 outages is a move described by investigators as Robinhood owning up to the negligence it did in handling information to customers during the crisis.
The U.K.-based digital currency exchange is looking to raise $2.5 million at a $12.3 million valuation, which will allow it to continue providing services to its customers, according to reports.
The Robinhood wallet launched in September to 10,000 users and is now available to all iOS users globally amid a drastic dip in its digital asset trading volume.
The U.S. securities regulator and the California Attorney General’s office are probing the digital asset activities at Robinhood, including listings, custody, and platform operations.
A fresh slew of charges was brought against Sam Bankman-Fried, which was triggered after opening a bank account that he used to transmit and receive customer funds.
The hackers took over the account for a short time to promote RBH, a scam token on the Binance BNB Chain, and made over $7,000 before the account was recovered.
Joshua Henslee believes that Robinhood's delisting of BSV could be in response to the financial crisis it's facing following the collapse of FTX and admits that the move will likely cause issues.
The DOJ is looking into the $372 million hack from FTX-controlled wallets that occurred the day after the embattled firm of former CEO Sam Bankman-Fried filed for Chapter 11 bankruptcy.
Robinhood saw its active users fall 12% and notional volume slump 24% in Q3 but remains bullish that it can ride out the "crypto winter."