BitConnect scam US promoters to be hit with $3M settlement by SEC: report
The regulator charged six promoters in May, and as per a new report, it’s set to settle with four of these, with penalties ranging from $526,000 to $3 million.
Latest settlement News
Robinhood Crypto to pay NY regulator $15M fine in anti-money laundering probe
In a regulatory filing with the U.S. Securities and Exchange Commission, the company revealed it’s facing the penalties over issues related primarily to anti-money laundering and cybersecurity.
Credit Suisse uses blockchain for trade settlement
Credit Suisse and broker-dealer Instinet have used the Paxos blockchain settlement service to complete an equities trade within 24 hours.
BitPay to pay $500K in settlement with US Treasury over sanctions violations
BitPay is accused of allowing users in North Korea, Sudan, Syria, Ukraine, Cuba and Iran to transact on its platform despite having IP addresses and other location data about these users.
ShipChain settles ICO lawsuit with US securities regulator
The SEC has reportedly accepted an offer of settlement from ShipChain over the firm’s ICO, which raised $27.5 million through the sale of proprietary tokens, known as SHIP tokens.
Embattled BTC miner Layer1 CEO resigns in settlement with founders
Alex Leigl, the CEO of Layer1 Technologies has been embroiled in a legal battle with the firm’s founders, culminating in a settlement that sees him leave the firm he has led since 2018.
Tezos settles ICO lawsuit for $25 million
No settlement money, however, will be distributed to ICO investors who profited off of their Tezos investment.
Telegram settles with US securities regulator for $18.5M
A final judgment filed shows that the SEC and Telegram have reached terms of settlement over Telegram’s illegal securities sale.
Study group formed in Japan to review digital currency settlement
The group was founded by DeCurret exchange, and includes representatives from three of Japan’s megabanks.