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Binance Founder CZ Writes to Staff: I have to deal with some pain, but will survive
22.11.2023
Source: X / @cz_binance Binance founder and former CEO Changpeng Zhao issued an internal memo to Binance staff following his guilty plea to several charges, including money laundering. The cryptocurrency exchange giant has agreed to pay a $4.3 billion penalty as part of the legal resolution. In...
Matrixport: Binance Plea Deal Boosts Approval Odds for Bitcoin Spot ETF
22.11.2023
Source: AdobeStock / JorgeEduardo Binance CEO Changpeng Zhao has entered a guilty plea, agreeing to a $50 million fine, while Binance itself is set to pay a $4.3 billion penalty. CZ’s sentencing hearing is scheduled for February 23, 2024, where he may face prison time of up to 18 months. This comes...
SEC Wants $770 Million From Ripple — Lawyer Says SEC Is ‘Pissed and Embarrassed’
29.10.2023
The U.S. Securities and Exchange Commission (SEC) reportedly wants Ripple to pay a $770 million penalty for violating securities laws. Crypto lawyer John Deaton explained that the securities regulator is “pissed and embarrassed” after it lost several legal battles against the crypto...
SEC Charges BlackRock $2.5 Million for Investment Misreporting – What’s Going On?
25.10.2023
According to a Tuesday release from the U.S. Securities and Exchange Commission (SEC), BlackRock Advisors LLC has agreed to a $2.5 million penalty for failing to accurately describe investments in the entertainment industry. The development is of particular interest as it coincides with speculation...
South Korean ‘Crypto Killers’ May Face Death Penalty
17.10.2023
South Korean prosecutors have requested the death penalty for four suspects in a crypto murder-kidnap case that saw a woman abducted and murdered for her crypto holdings.
The incident took place in the affluent Gangnam District in Seoul in March this year.
The woman is believed to have worked...
Lido Finance discloses 20 slashing events due to validator config issues
12.10.2023
The initial impact amounted to 20 Ether, worth $31,000, while the validator involved has now been taken offline
Cyprus to Impose Strict Penalties on Unlicensed Crypto Service Providers – Report
10.10.2023
Cyprus authorities would soon impose hefty penalties on crypto asset service providers (CASPs) that are found offering services without registering with the country’s regulator – the Cyprus Securities and Exchange Commission (CYSEC)....
Read More: Cyprus to Impose Strict Penalties on Unlicensed...
SEC Charges Stoner Cats Over $8M Unregistered NFT Offering: Mila Kunis-Backed NFT Project to Pay $1M Penalty
13.9.2023
The Securities and Exchange Commission (SEC) charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs) that raised about $8 million from investors to finance an animated web series. SEC Slaps Stoner Cats 2 With...
FTC Slaps Crypto Lender Celsius With $4.7B Fine for Deceiving Consumers and Mismanaging Deposits
13.7.2023
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.” Nevertheless, the penalty will be deferred to enable...
Today in Crypto: JPMorgan Deploys JPM Coin for Euro-Denominated Payments, Casa Rolls out Support for Ethereum Storage, US SEC Grants BlockFi Temporary Relief From Settling a $30M Penalty, Gemini Staking Pro Expands to the UK
23.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: JPMorgan Deploys JPM Coin for Euro-Denominated Payments, Casa Rolls out Support for Ethereum Storage,...
SEC Relinquishes $30M BlockFi Penalty Until Investors Are Repaid
23.6.2023
The regulator agreed to forego the payment, owed as part of a settlement of charges against BlockFi, to maximize and speed up payments to investors
US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion
2.5.2023
Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission...
Largest Bitcoin Fraud Scheme Results in $3.4B Penalty in a Case Brought by CFTC
28.4.2023
A judge has ordered a record-breaking $3.4 billion penalty in a fraud case involving Bitcoin brought by the US Commodity Futures Trading Commission.
In a Thursday press release, the CFTC revealed that Cornelius Johannes Steynberg, a South African national and CEO of Mirror Trading International...
CTFC wins record $3.4B penalty payment in Bitcoin-related fraud case
28.4.2023
The CFTC said it's the largest fraudulent Bitcoin scheme charged in any of its cases and the "highest civil monetary penalty ordered in a CFTC case."
China Fines Bitmain $3.6 Million for Tax Violations, Report
13.4.2023
Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income...
Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm
7.4.2023
The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama
Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme
23.2.2023
Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage....
'Unworkable' bill to ban blockchain immutability is introduced in Illinois
20.2.2023
Florida-based lawyer Drew Hinkes described the bill as “the most unworkable state law” related to blockchain and cryptocurrency that he has ever seen
Indian Government Introduces New Crypto Tax Penalties
2.2.2023
The Indian government has introduced new crypto tax penalties, including for non-payment of crypto tax deducted at source (TDS). Much to the disappointment of the crypto community, Finance Minister Nirmala Sitharaman did not mention crypto in her Budget speech this year. Crypto income remains taxed...
Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal
27.1.2023
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 against the move. Dutch Monetary Authority Fines...