February 15, 2022 Sophia Vida
Money

Crypto Start-up Blockfi to Pay $100M in Settlement with SEC

BlockFi, the crypto start up backed by Peter Thiel, has agreed to pay $100 million to the Securities and Exchange Commission and 32 states to settle charges related to its retail crypto lending product. The company’s service, BlockFi Interest Accounts, let users accrue interest on holdings of bitcoin and other cryptocurrencies. BlockFi says it is … Continue reading “Crypto Start-up Blockfi to Pay $100M in Settlement with SEC”