IEX co-founder: Robinhood outage could cost customers millions of dollars

According to The Block, crypto trading platform Robinhood experienced about 17 hours of downtime yesterday. John Schwall, co-founder of the stock exchange IEX, said the outage could cost customers millions of dollars. He also said he would not be surprised if the Senate holds a hearing to resolve the issue. A Robinhood spokeswoman said that they will cooperate with customers on a case-by-case basis and they will release information on how to avoid this in the future.