The Texas State Securities Board, or SSB, and the Texas Department of Banking filed a supplemental declaration on Oct. 14 in the Voyager Digital case stating that the SSB is investigating FTX Trading ...
Tag: Violations
Crypto Exchange Bittrex Slapped with Massive Fine for Sanctions Violations
Alex Dovbnya Bittrex’s fine could have been much higher, but OFAC determined that its violations were “non-egregious” Cryptocurrency exchange Bittrex has been slapped with a $30 mill...
Crypto Exchange Bittrex Fined $53M for Bank Secrecy Act Violations
United States-based crypto exchange Bittrex will pay $53 million to the Treasury’s department of the U.S. Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN)...
FinCEN fines crypto exchange Bittrex $29 million over Bank Secrecy Act violations
After conducting a civil enforcement investigation, the United States Financial Crimes Enforcement Network (FinCEN) has imposed a monetary penalty against the cryptocurrency exchange Bittrex over viol...
Treasury Fines Crypto Exchange Bittrex $53 Million for Sanctions Violations
The U.S. government has hit digital asset exchange Bittrex with fines of $53 million—the biggest fine on a crypto business by the Treasury Department to date. The Treasury’s Office of Foreign Assets ...
SEC Investigating Bored Ape Creator Yuga Labs Over Securities Violations: Report
The United States Securities and Exchange Commission is investigating Yuga Labs over whether its Bored Ape Yacht Club Ethereum NFTs and the ApeCoin token are unregistered securities, according to Bloo...
US Treasury Charges Bittrex With Sanctions Violations, Crypto Exchange Agrees to Settle With Regulator – Regulation Bitcoin News
On October 11, the U.S. Treasury department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) announced that it has settled charges with the cryptocurrenc...
Bittrex Fined $30M for Sanctions Violations
Key Takeaways Bittrex has settled with the U.S. Treasury over allegations that it violated OFAC sanctions. The Treasury alleges Bittrex carried out the supposed violations between 2014 and 2017. While...
US CFTC Charges Crypto Futures Exchange Digitex for Registration and Trading Violations
The US Commodity Futures Trading Commission (CTFC) has charged crypto futures exchange Digitex and its founder and CEO Adam Todd for multiple violations associated with the Commodity Exchange Act (CEA...
CFTC levies $250K fine on bZeroX, charges Ooki DAO for regulatory violations
The Commodity Futures Trading Commission (CFTC) imposed a $250,000 fine against bZeroX, a blockchain trading protocol, and its two founders. Simultaneously, the CTFC filed a federal civil enforcement ...
Kanye West Ye Yeezy terminates deal with Gap over alleged contract violations
Kanye West and daughter North West attends the “Yeezy Season 8” show as part of the Paris Fashion Week Womenswear Fall/Winter 2020/2021 on March 02, 2020 in Paris, France. Arnold Jerocki |...
UN Report Accuses China Of Human Rights Violations In Xinjiang
Topline China’s detention of Uyghurs and other predominantly Muslim ethnic groups in its northwestern region of Xinjiang may have amounted to international crimes—including “crimes against humanity”—a...
Crypto accounts for most foreign exchange violations in South Korea
Financial crimes using cryptocurrencies are on the rise in South Korea. About 75% of violations of the country’s Foreign Exchange Transactions Act so far this year involved crypto, according to a repo...
The Charles Schwab Corporation under investigation for violations of the securities laws
Apparently, the Charles Schwab Corporation (NYSE: SCHW) violated securities law and the Schall Law Firm, a national shareholder rights litigation firm, announced on August 25, that it is investigating...
Coinbase Hit With $5M Lawsuit Over Exchange Crashes, Alleged Securities Violations
A Coinbase customer is suing the San Francisco-based exchange for $5 million for failing to properly secure customers’ accounts and “flouting” federal securities laws, among other allegations. The la...
Rapper Rick Ross Responds To Violations, Fines At WingStop Locations ‘There Will be Mistakes’
This week, rapper Rick Ross was in the news after reports that his company, Boss Wing Enterprises, was fined for labor violations at five of its Wingstop locations in Mississippi. NBC News reported th...
Dollar General fined nearly $1.3 million for worker safety violations
A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Dollar General is being hit with nearly $1.3 million in fines for worker safety violations after visits by fede...
BitMEX Top Employee Gregory Dwyer Plead Guilty to AML Violations
– Advertisement – BitMEX Employee Gregory Dwyer Plead Guilty to AML Violations. Australian cryptocurrency mogul and former top executive at BitMEX Gregory Dwyer on August 8th pleaded gui...
Mickelson, DeChambeau Sue PGA Tour Alleging Antitrust Violations
Topline A group of 11 LIV Golf players led by Americans Phil Mickelson and Bryson DeChambeau filed an antitrust lawsuit against the PGA Tour in federal court Wednesday, setting the stage for a content...
NFL Dolphins probe finds tampering violations, fines owner Ross
Miami Dolphins owner and real estate developer Stephen Ross has been fined $1.5 million and suspended from participating in team events and operations through Oct. 17 after the club was found to have ...
Robinhood’s Crypto Department Got Fined For Violations; Here’s What We Know
Robinhood’s crypto related activities have been on an expansion but it has now been charged with regulatory violation. The recent-most regulatory concern was surrounded around violating anti-money lau...
Robinhood Crypto fined $30 million for alleged anti-money-laundering violations
In its first crypto-related enforcement action, the New York State Department of Financial Services (NYDFS) levied a fine of $30 million on the cryptocurrency trading subsidiary of online brokerage Ro...
Treasury Investigating Kraken for Alleged Iran Sanctions Violations: Report
The U.S. Treasury Department’s Office of Foreign Assets Control is investigating cryptocurrency exchange Kraken for allegedly violating economic sanctions against Iran, according to the New York Times...
Kraken Crypto Exchange Under Investigation for Alleged Sanctions Violations
The New York Times reports that Kraken is under investigation by the United States Treasury’s Office of Foreign Assets Control for violating sanctions. The department is investigating whether users in...
Kraken Under Investigation for Alleged Sanctions Violations
Kraken allegedly allowed Iranian users onto the platform Jesse Powell has been vocal about his willingness to challenge regulations Treasury Department was likely to impose a fine against the exchange...
Kraken Under Investigation for Alleged Sanctions Violations: Report
In February, after the Russian invasion of Ukraine, Powell pushed back against calls to freeze the accounts of Kraken’s Russian users, tweeting: “Our mission at [Kraken] is to bridge individual humans...
Former DOJ Lawyer Jeffrey Clark Faces Ethics Violations Charge
Topline Jeffrey Clark, the former Justice Department lawyer whom Donald Trump sought to appoint as attorney general, faces accusations by the Washington D.C. bar that he violated rules of professional...
China Cybersecurity Regulator CAC Fines Didi $1.19B for Data Security Law Violations
Didi has responded to the fine penalty. The company said in an online statement that it accepts the regulator’s decision. The Cyberspace Administration of China (CAC) has fined Chinese transport compa...
Dutch Central Bank Fines Crypto Exchange Binance $3.4 Million Citing ‘Very Serious’ Violations – Regulation Bitcoin News
The Dutch central bank has fined cryptocurrency exchange Binance 3.325 million euros for offering crypto services in the Netherlands without the legally required registration. Binance has appealed aga...
Class action law firm starts investigating Solana Labs over potential securities violations
While the cryptocurrency market is still trying to reel from the bearish crisis affecting it in recent weeks, another blow is on the horizon in the form of legal proceedings against one of its major p...