VIOLATION News - Blockchain.News

CRYPTOCURRENCY

SFC Initiates Legal Action Against SoftMedx Healthcare and Former Directors
cryptocurrency

SFC Initiates Legal Action Against SoftMedx Healthcare and Former Directors

The SFC has commenced legal proceedings against SoftMedx Healthcare Limited and its former directors for alleged regulatory violations.

US Federal Prosecutors Investigate Block Inc. for Compliance Violations
cryptocurrency

US Federal Prosecutors Investigate Block Inc. for Compliance Violations

US federal prosecutors are conducting an investigation into Block Inc., the fintech company founded by Twitter co-founder Jack Dorsey. The investigation follows allegations of compliance violations at Block's payment arms, Square and Cash App. A whistleblower has provided documents showing that Block processed transactions for users in countries subject to economic sanctions and facilitated crypto transactions for terrorist groups. The company is accused of failing to address these breaches despite being alerted to them.

Hut 8 Mining Corp. Responds to Short-Seller Accusations Amid Stock Tumble
cryptocurrency

Hut 8 Mining Corp. Responds to Short-Seller Accusations Amid Stock Tumble

Hut 8 Corp faces serious accusations from JCapital Research, claiming mismanagement and legal issues post-merger, leading to a significant stock price drop. The company is now working to address these allegations and reassure investors.

CoinList Settles with OFAC for $1.2 Million Over Crimea Sanctions Violations
cryptocurrency

CoinList Settles with OFAC for $1.2 Million Over Crimea Sanctions Violations

CoinList settles with OFAC for $1.2 million over transactions for users in Crimea, promising to invest $300,000 in compliance enhancements.

Tornado Cash Founders Face Legal Action Over Money Laundering and Sanctions Violations
cryptocurrency

Tornado Cash Founders Face Legal Action Over Money Laundering and Sanctions Violations

Tornado Cash co-founders Roman Storm and Roman Semenov have been indicted for money laundering, sanctions violations, and operating an unlicensed money transmitting business. The US Treasury added Semenov to its list, preventing US residents from using the platform.

Former FTX Executive Under Investigation for Potential Campaign Finance Violations
cryptocurrency

Former FTX Executive Under Investigation for Potential Campaign Finance Violations

Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly under investigation by U.S. authorities for potential violations of campaign finance law. Salame, along with his girlfriend Michelle Bond, who ran as a Republican candidate for New York’s 1st congressional district in 2022, are at the center of this investigation.

South Korean Court Clears Former Terraform Labs CEO of Security Violations
cryptocurrency

South Korean Court Clears Former Terraform Labs CEO of Security Violations

A South Korean court dismissed charges of security violations against former Terraform Labs CEO Hyun-seong Shin, ruling that LUNA is not a security under the country's Capital Markets Act. The court rejected the prosecution's appeal for confiscation of Shin's properties and arrest, and stated that Luna is not a financial investment product regulated by the act. However, the prosecution has appealed to the Supreme Court against the verdict of the lower district court.

Bittrex Faces Potential Legal Action from US SEC
cryptocurrency

Bittrex Faces Potential Legal Action from US SEC

Bittrex, a US-based cryptocurrency exchange, may face legal action from the US Securities and Exchange Commission (SEC) over alleged violations related to investor protection, despite preparing to shut down its local operations.

Meta Urged to Halt Metaverse App for Minors
cryptocurrency

Meta Urged to Halt Metaverse App for Minors

Advocacy groups, including Airplay and Common Sense Media, have written to Meta CEO Mark Zuckerberg calling for the company to halt its plans to allow minors onto its metaverse app, Horizon Worlds. They argue that Meta must first assess the potential risks of allowing youth on the app, citing concerns around harassment and privacy violations.

Binance Crypto Withdrawals Spike Before CFTC Accusations
cryptocurrency

Binance Crypto Withdrawals Spike Before CFTC Accusations

Almost a billion dollars in cryptocurrency was withdrawn from Binance shortly before the US CFTC accused the exchange of regulatory violations. The total amount withdrawn from multiple platforms in the 12 hours preceding the indictment was almost $1.5 billion, with over half of that amount coming from Binance. Despite the withdrawals, Binance still holds over $63 billion worth of cryptocurrency assets.

Trending topics