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Fortune

Ben Weiss

EXPLAINED: Robinhood received sec subpoena shortly after ftx collapsed - The Real Truth

Robinhood SEC FTX Crypto Sam Bankman-Fried Fortune Paxos United States

(Credit: David Paul Morris—Bloomberg/Getty Images)

Robinhood, a popular mobile trading platform for stocks that also allows user to buy and sell cryptocurrency, received an investigative subpoena from the U.S. Securities and Exchange Commission (SEC) in December 2022 regarding its cryptocurrency business.

The subpoena asked for information about Robinhood's "supported cryptocurrencies, custody of cryptocurrencies, and platform operations," according to the company's annual report for 2022, which was filed on Monday.

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