Fidelity Pays $500K Over Crypto It Wouldn’t Let Users Move
Photo: Coindoo
Attorney General Rob Bonta announced the settlement on October 16 , saying Californians could buy and sell bitcoin on Fidelity from late 2022 to 2025 but couldn’t move it out. Getting it into a personal wallet meant selling, paying any tax, and buying again elsewhere. “Investors have a legal right to full, unrestricted access to what they buy,” Bonta said. Fidelity enabled withdrawals in 2025, and none of the $500,000 goes to customers.
Source: Coindoo
