1 / 1 Relevant items tagged with #Penalty

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TD Bank Makes History as First US Bank to Plead Guilty to Money Laundering Conspiracy

[Oct 14 1:30 AM] TD Bank, one of the largest financial institutions in the U.S., has agreed to pay a record $3 billion penalty, the largest ever under the Bank Secrecy Act, after pleading guilty to felony charges. The bank is the largest in U.S. history to plead…

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.

SEC Hits Flyfish Club With Charges for Unregistered NFT Offering

[Sep 18 2:10 AM] The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project…

Etoro Restricts US Crypto Trading to 3 Cryptocurrencies Following SEC $1.5M Fine

[Sep 12 3:16 PM] Etoro USA has agreed to pay $1.5 million to the U.S. Securities and Exchange Commission (SEC) to settle charges of operating as an unregistered broker and clearing agency for crypto trading. Etoro will limit U.S. customers’ trading options to…

US Court Imposes $209 Million Penalty in Crypto Ponzi Scheme

[Sep 5 11:20 AM] The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes…

SEC Cracks Down on Ideanomics for Fraud in Misleading Crypto and Revenue Disclosures

[Aug 11 7:30 AM] The U.S. Securities and Exchange Commission (SEC) has charged Ideanomics Inc. and three of its senior executives with fraud for misleading financial disclosures from 2017 to 2019. Former Chairman and CEO Zheng (Bruno) Wu, current CEO Alfred Poor…

Ripple Hails Victory as Judge Cuts SEC’s Penalty Request by 94% in Final Judgment of XRP Case

[Aug 7 10:05 PM] District Judge Analisa Torres has cut the penalty requested by the U.S. Securities and Exchange Commission (SEC) in the case against Ripple Labs over XRP by 94%. The court partially granted the SEC’s motion for remedies against Ripple…

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.

SEC shoots down Ripple’s argument for a lower penalty

[Jun 16 7:37 PM] The SEC argued Ripple’s proposed lower civil penalty wouldn’t be enough, and there’s no comparison to its settlement with Terraform Labs.

Ripple Legal Chief Countered SEC Allegations: No Victims to Compensate

[Jun 16 7:07 PM] Ripple’s chief legal officer has countered the U.S. Securities and Exchange Commission (SEC)’s allegations following the crypto firm’s proposal to limit its penalty to no more than $10 million. The legal chief highlighted that…

US judge approves Terraform’s $4.5B settlement with SEC

[Jun 13 4:34 PM] A New York district court judge has rubber-stamped Terraform Labs and Do Kwon’s nearly $4.5 billion settlement with the SEC.

Lido Finance discloses 20 slashing events due to validator config issues

[Oct 11, 2023 6:36 PM] The initial impact amounted to 20 Ether, worth $31,000, while the validator involved has now been taken offline.

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 Reduces LBRY’s Fine From $22 Million To $111,000 After Revision of Punishment

[May 15, 2023 5:00 PM] The US Securities and Exchange Commission (SEC) has revised the initial punishment against a blockchain-based content provider, LBRY.  It has significantly reduced the penalty from the previous $22 million to a revised amount of approximately…

'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…