SEC Fines Hit $4.68 Billion In Aggressive Regulatory Push
The US Securities and Exchange Commission is hogging the headlines after a report disclosed that it had attained a record crackdown on the crypto industry: Fines it imposed on crypto…
Ripple Seeks To Pause Fines As Legal Battle With The US SEC Continues
In a significant turn of events, a stay of the monetary penalties has been requested by the behemoth payment firm Ripple Labs as its lengthy legal dispute with the United…
Ransomware REvil Operative Faces Justice: 13-Year Sentence, $16M In Fines
A 24-year-old Ukrainian member of the REvil ransomware gang has been sentenced to over 13 years in prison for his involvement in a 2021 global ransomware attack that targeted businesses…
SEC Seeking $2 Billion In Fines And Penalties From Ripple Labs
According to the firm’s chief legal officer, the United States Securities and Exchange Commission is seeking $2 billion in fines and penalties in its case against Ripple Labs. The fines…
SEC Seeking $2 Billion in Fines From Ripple, According to Chief Legal Officer
On March 25, Ripple CLO Stuart Alderoty revealed that the SEC’s brief will be made public on Tuesday, March 26, and the regulator will be asking the judge for $2…
Crypto.com Faces Heavy Fines in Dutch Regulatory Crackdown
The Dutch Central Bank of Netherlands has slapped a $3 million fine on Crypto.com over allegations that it breached registration laws. Netherlands’ Regulatory Crackdown The Netherlands’ central bank, De Nederlandsche…
Nigeria Fines Binance $10 Billion For Currency Devaluation
On Friday, Nigeria levied a $10 billion fine against Binance, the leading global crypto exchange, citing allegations that the platform has played a pivotal role in devaluing the Nigerian currency.…
Crypto Firms Faced Nearly $6B in Fines in 2023 for AML Violations
Crypto firms faced substantial regulatory action, collectively paying nearly $6 billion in fines primarily due to Anti-Money Laundering (AML) violations and deficiencies in customer checks last year. This marks a…
Binance And CZ Grapple With Massive $2.7 Billion Fines In CFTC Court Verdict
Amid the legal proceedings Binance and its former CEO faced, a US court has issued an order imposing significant fines on the cryptocurrency exchange and Changpeng Zhao (CZ) for charges…
CFTC’s Landmark Year? Crypto Cases Account For Half Of 2023’s Major Fines
The crypto regulation landscape in the United States witnessed a defining year in 2023, as evidenced by the United States Commodity Futures Trading Commission’s (CFTC) recent enforcement report. According to…