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BlockFi settles SEC crypto lending probe with record penalty
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fnlondon.comA cryptocurrency company that allowed nearly 600,000 users to earn interest by lending their holdings to other traders will pay $100m to settle claims that its product violated investor-protection laws.
BlockFi, which held as much as $14.7bn in assets at its peak last year, will pay the highest fine ever agreed to by a cryptocurrency company, Securities and Exchange Commission officials said.
The...
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