BlockFi was fined $100 million during a SEC investigation related to its high yield lending product

February 15, 2022

• Last week, BlockFi was fined $100 million during a SEC investigation related to its high yield lending product. As a result of the investigation, BlockFi isn’t allowed to open accounts for new users.

• Branch raised $300 million at a $4 billion valuation.

• Starburst Data raised $250 million at a $3.35 billion valuation.

The news articles and links presented below are available for your reference.

BLOCKFI

“BlockFi Will Pay $100M in Settlement With SEC, State Regulators Over High-Yield Accounts: Report”

• https://www.coindesk.com/policy/2022/02/12/blockfi-will-pay-100m-halt-high-yield-offering-in-settlement-with-sec-state-regulators-report/

BRANCH

“ Branch Raises $300 Million at $4 Billion Valuation to Crack Open Walled Gardens”

• https://blog.branch.io/branch-raises-300-million-at-4-billion-valuation-to-crack-open-walled-gardens/

STARBURST DATA

“Starburst, Which Promises Faster Analytics on Decentralized Data, Raises $250M”

• https://venturebeat.com/2022/02/09/starburst-which-promises-faster-analytics-on-decentralized-data-raises-250m/