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Violation Tracker Individual Record

Company: BlockFi Lending LLC
Penalty: $50,000,000
Year: 2022
Date: February 14, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: BlockFi agreed to pay $50 million to the Securities and Exchange Commission and $50 million shared equally between 53 NASAA member agencies ($943,396 each) in settlement of allegations the company offered and sold unregistered securities in the form of interest-bearing digital asset deposit accounts.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.