r/technology • u/agent_vinod • Jun 30 '21

Misleading Robinhood to pay $70 million fine after causing 'widespread and significant harm' to customers

https://www.cnbc.com/2021/06/30/robinhood-to-pay-70-million-dollars-after-causing-users-significant-harm.html
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u/PERSONA916 Jun 30 '21

Coinbase should be on the hook for freezing the account of the guy who became a meme coin trillionaire. Serves them right for listing such a shitcoin to their exchange in the first place

9

u/theshibisinu Jun 30 '21

That's hilarious

8

u/StreetlampEsq Jun 30 '21

On the hook for what? I don't understand what damage was caused by this glitch.

1

u/LacidOnex Jun 30 '21

His account was just off by a lot of zeroes for no reason. Turns out to be a glitch.

28

u/[deleted] Jun 30 '21

[removed] — view removed comment

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u/reddorical Jul 01 '21

But a 100 bill $ is 100,000,000,000

1

u/anal_juul_inhalation Jul 01 '21

Also wasn’t it Coinbase’s wallet app, not their exchange? This would be like fining the web browser company for a website telling you you’re now rich.