Leaked Robinhood memo banning traders over ‘infinite leverage’ bug – Business Insider

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Robinhood restricted the accounts of users exploiting an “infinite leverage” glitch, and a leaked letter details how the company alerted participating traders.The company confirmed the notice’s legitimacy but could not comment on whether all users received the same letter.The notice details three options the trader can use to liquidate assets and says any “negative equity balances” must be repaid within 60 days.Click here for more BI Prime stories.Robinhood restricted the accounts of users exploiting an “infinite leverage” glitch, and a leaked letter sent to one terminated trader revealed how the company announced account terminations.A Robinhood spokesperson confirmed the notice’s legitimacy but could not comment on whether all users received the same letter.The letter details three options the user can use to liquidate their accounts. The trader is advised to do
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