Robinhood Markets has confirmed that it has received a subpoena from the United States Securities and Exchange Commission (SEC) to investigate the operations of its platform, custodian and listing process for the new cryptocurrency.

In the 10-K report, the broker said that accept investigative summons in decembershortly after cryptocurrency exchange FTX filed for bankruptcy in November, and after “several other major cryptocurrency trading venues and lending platforms in early 2022”, including Three Arrows Capital, Voyager Digital Holdings, and Celsius Network.

The investigative subpoena regarding cryptocurrency listings and their custodial services, which they say came in response to last year’s cryptocurrency bankruptcy:

“In December 2022, following the 2022 crypto bankruptcy, we received an investigative subpoena from the SEC relating to, among other things, RHC-backed cryptocurrencies, cryptocurrency storage, and platform operations.”

Robinhood said it had also received subpoenas from the California Attorney General’s Office seeking information about the trading platform, business and operations of the crypto division, custody of client assets, and the coins included in the company’s offering.to.

Cointelegraph reached out to Robinhood, but the company declined to comment.

This is a developing story and will be updated as soon as possible.

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