Fines News

Singapore is tightening its grip on crypto misconduct. Under new rules, unlicensed promotions or shady practices could lead to steep fines or prison time.

Upbit and Bithumb will compensate investors $2.5 million after service outages caused by a surge in crypto activity during South Korea's martial law declaration.

Terraform Labs’ $4.5 billion settlement with the SEC contributed to a record year for the agency’s financial penalties.

The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC charged the search engine for failing to register as a securities offering.

The SEC is having a record crypto enforcement year, bolstered by a $4.47 billion settlement with Terraform Labs and its former CEO, Do Kwon.

Legislation focuses on preventing illicit cryptocurrency activities while safeguarding consumer choice.

The company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27.

The regulator noticed an undisclosed detail: the influencer’s fee was tied to the fund’s growth, guaranteeing higher compensation as the fund expanded.

Crypto influencer Ben “BitBoy” Armstrong was released on bail around eight hours after being booked by Gwinnett County police for loitering and simple assault.

The CFTC has brought or resolved 10 fraud cases involving digital assets or foreign exchange since June 2023, Commissioner Kristin Johnson said.

The SEC originally wanted LBRY to pay millions of dollars in penalties, but now concedes the defunct firm can’t pay up that amount.

One of the biggest banks in America has once again paid a billion-dollar fine for the illegal treatment of its customers.

The Ethics Committee couldn’t agree if the Representative sought to profit from his promotions, but he was fined for it regardless and for also not declaring a “gift” of the token.

Despite the retraction, the crypto community said the policy is a perfect example of why decentralization and self-custody of funds are so important.

Some pointed out the regulator’s supposed hypocrisy, others told crypto-influencers to lawyer up, while a few poked fun at the reality TV star.