Tag: 10M

Robinhood Reaches $10M Settlement with State Securities Regulators for Failing Investors

Multifaceted trading platform Robinhood will pay the $10 million fine to DFPI following an investigation by NASAA. Robinhood (NASDAQ: HOOD) has reached a $10.2 million settlement with the California Department of Financial Protection and Innovation (DFPI). According to reports, the financial services company is paying the penalty for “operational and technical failures” that harmed investors. The Robinhood settlement follows a probe by the North American Securities Administrators Association (NASAA). The NASAA looked into complaints regarding the company’s system outages and service unavailability that cost users several trading opportunities. During the Robinhood…

US state regulators announce $10M settlement with Robinhood ‘for failing investors’

boss

The California Department of Financial Protection and Innovation said that the company behind cryptocurrency and stock trading platform Robinhood will likely pay more than $10 million in penalties “for operational and technical failures that harmed main street investors.” In an April 6 announcement, the DFPI said the settlement — up to $10.2 million — was the result of an investigation by the North American Securities Administrators Association in conjunction with securities regulators from Alabama, Colorado, California, Delaware, New Jersey, South Dakota and Texas. The platform suffered a series of system outages…

Dragonfly Capital invests $10M in Bitget amid industry recovery

Dragonfly Capital has invested $10 million in cryptocurrency derivatives exchange Bitget, the San Francisco-based venture capital firm announced on April 4. The funds will be used to support Bitget’s ongoing global market and service expansion and upcoming corporate social responsibility initiatives directed at crypto education and adoption. Bitget disclosed that since its inception in 2018, the exchange has grown to comprise over 80,000 traders and 380,000 copy traders, or individuals that sync their trading positions with that of traders using automation. For its 2023 roadmap, Bitget plans to expand its spot…

Alchemy Pay Sees $10M in Investment Funding as Native Token Jumps

Alchemy’s new raise of $10 million was single-handedly funded by market maker DWF Labs. Singapore-based payments provider Alchemy Pay has taken its expansion efforts a bit further. Alchemy Pay raised $10 million in investment funding to reach a valuation of $400 million, according to a press release. Alchemy Pay Keen on Expanding Its Business For what it’s worth, Alchemy Pay has been focused on leveraging the crypto-friendly nature of South Korea to its fullest capacity. According to a recent statement by the firm, it aims to be at the forefront…

Alchemy Pay Raises $10M at $400M to Push South Korean Expansion Plans

The company, which provides a way for crypto companies to access the fiat payment system, aims to capitalize on South Korea’s “high level of crypto acceptance” and assist local firms in achieving greater internationalization, according to a statement shared with CoinDesk. It has previously worked with the likes of Visa, Mastercard, Google Pay and Apple Pay to this end. Source

Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors – Bitcoin News

boss

Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover the losses of the debtors. FTX Debtors and Unsecured Creditors Oppose Sam Bankman-Fried’s Request for D&O Funds Sam Bankman-Fried (SBF), the former CEO of FTX, is seeking access to a $10 million legal insurance fund to cover his defense expenses. The filing notes that…

Radix Pulls $10M in New Funding to Top $400M in Valuation

Some of the solutions being developed on Radix include but are not limited to those hinged on dApps for trading, saving, lending, borrowing, gaming, NFTs, and wallets. Blockchain-based Web 3.0 startup Radix Token has announced it has raised the sum of $10 million in new funding as it continues to bolster its engagement to help chart the evolution of the blockchain ecosystem. According to a Press Release shared with Coinspeaker, the Radix funding was led by DWF Labs, one of the biggest players in the Web 3.0 world. “It is…

Crypto.com customer accused of $10M spending spree granted bail

The Crypto.com customer who was accidentally sent $10.4 million from the exchange in 2021 and then allegedly went on a spending spree has been granted bail despite $3.1 million funds still unaccounted for. In the Victorian County Court, prosecutors on March 20 tried to convince the judge that imprisonment would be the only way to ensure that the accused, Jatinder Singh, would not flee the country. The blunder by Crypto.com came about when a Bulgarian-based employee accidentally transferred $10.4 million to his account instead of what was meant to be a $100…