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Terror victims claim DOJ withholding their cut of $4.3B Binance penalty

[Sep 26 4:01 AM] Four people who are victims or family of victims of state terrorism sued the Justice Department, claiming it hasn't put the appropriate funds from Binance's settlement into a victim fund.

India’s FIU Considers Approving More Offshore Crypto Exchanges

[Sep 6 1:30 AM] India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with…

Crypto Hedge Fund Galois Capital Fined $225,000 by SEC for Custody Rule Violations

[Sep 3 5:20 PM] The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also…

Marathon Digital fined $138M for non-circumvention agreement breach

[Jul 23 2:19 AM] Marathon Digital has been fined $138M for breaching a non-disclosure, non-circumvention agreement with former executive Michael Ho.

Federal Reserve Fines Citigroup $60.6 Million for Ongoing Risk Management Deficiencies

[Jul 10 3:31 PM] The U.S. Federal Reserve has imposed a $60.6 million fine on Citigroup for continued failures in its risk management and data quality practices. The enforcement action follows Citigroup’s insufficient progress in addressing deficiencies…

Binance fined $2.25M by India’s Financial Intelligence Unit

[Jun 20 12:56 AM] India’s financial watchdog issued charges against Binance after reviewing written and oral submissions from the Binance director and available company records.

US District Judge Sanctions Binance’s $4.3 Billion Plea Deal

[Feb 23 7:30 PM] Binance Holdings is set to pay $4.3 billion in fines following the approval of its plea agreement with prosecutors by U.S. District Judge Richard Jones on Friday. Beyond the financial settlement, a third party will oversee Binance’s…

LBRY Gears Up to Contest US Securities Law Violation Ruling

[Sep 8, 2023 10:30 AM] In a recently filed court document, blockchain-based publishing company LBRY has signaled its intent to challenge a New Hampshire district court’s verdict. This ruling, made in November 2022, concurred with the U.S. Securities and Exchange…

FTC Slaps Crypto Lender Celsius With $4.7B Fine for Deceiving Consumers and Mismanaging Deposits

[Jul 13, 2023 3:30 PM] On Thursday, following the U.S. Securities and Exchange Commission (SEC) suing the insolvent crypto lender Celsius, the Federal Trade Commission (FTC) divulged a settlement with the firm and imposed a $4.7 billion fine for “duping consumers.”…

SEC revises $22M punishment against LBRY, seeks $111K instead

[May 14, 2023 6:59 PM] The SEC originally wanted LBRY to pay millions of dollars in penalties, but now concedes the defunct firm can’t pay up that amount.

US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine

[Apr 23, 2023 10:00 PM] A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the…

Dear Ripple, Don’t Settle: Embrace the Opportunity to Shape Crypto’s Future

[Apr 5, 2023 5:30 AM] As Ripple and the U.S. Securities and Exchange Commission (SEC) persist in their legal dispute over XRP’s classification as a security, the consequences for both parties and the wider cryptocurrency market cannot be understated. This case…

'Unworkable' bill to ban blockchain immutability is introduced in Illinois

[Feb 19, 2023 11:36 PM] Florida-based lawyer Drew Hinkes described the bill as “the most unworkable state law” related to blockchain and cryptocurrency that he has ever seen.

Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal

[Jan 26, 2023 11:30 PM] The Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal…