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Nalezeno "Cease-And-Desist": 56

Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued

15.6.2024
The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection, especially in its dealings with fintech companies...

Texas Issues Emergency Cease and Desist Against Arkbit’s Crypto Operations

30.5.2024
The Texas State Securities Board has issued an Emergency Cease and Desist Order against Arkbit Capital and its affiliates, Arkbit Capital Holdings, ABC Holdings LLC, and ABC Mining. These companies were found operating a fraudulent MLM cryptocurrency investment scheme. Promising daily returns...

Texas Regulator Orders Arkbit Crypto Mining To Shut Down

29.5.2024
A phoney Arkbit cryptocurrency cloud mining enterprise has suffered a significant setback at the hands of the Texas State Securities Board. A cease-and-desist order was issued by the SEC on May 28 against Arkbit Capital for allegedly using dishonest tactics to commit an investment fraud. The post...

SEC Accepts ShapeShift’s $275,000 Settlement Over Crypto Securities Charges

6.3.2024
The U.S. SEC concludes its cease-and-desist action against ShapeShift with a $275,000 settlement, addressing charges of the firm selling crypto securities without proper registration. The post SEC Accepts ShapeShift’s $275,000 Settlement Over Crypto Securities Charges appeared first...

CZ Says Binance Has Issued a Cease and Desist Notice Against Nigerian ‘Scammer Entity’

20.6.2023
Changpeng Zhao, the CEO of Binance, said the recently banned Binance Nigeria Limited has been issued with “a cease and desist notice.” Zhao, who has since branded the Nigeria-registered company a “scammer entity,” told his followers not to believe everything they read in...

Binance sends cease and desist notice to Nigerian scammer entity

18.6.2023
This comes after the Securities and Exchange Commission, Nigeria (SEC), released a circular stating the illegality of Binance Nigeria Limited in the country

Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order

16.6.2023
According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been investigating Abra, and the working group interviewed William...

Multiple US state regulators allege AI trading dApp is a Ponzi scheme

5.4.2023
The alleged scheme claimed it could generate returns of up to 2.2% a day by leveraging AI to trade more often and with higher profits than a person could

FDIC Tells Crypto Exchange CEX.IO to Stop Claiming US Dollars Held in Its Wallets Are Insured

15.2.2023
The agency issued a cease-and-desist letter on Wednesday

New Jersey enforces cease and desist orders against three ‘pig butcher’ scammers

5.2.2023
These cybercriminals reach out to romance-seekers from dating apps like Tinder before convincing them to invest in their fraudulent cryptocurrency investment schemes

Nexo agrees to $45M settlement with SEC and NASAA over earn product

19.1.2023
The crypto lender didn't categorically admit or deny the findings from the SEC's investigation despite agreeing to the settlement

Metaverse casino served emergency cease and desist to halt NFT sales

21.10.2022
Explaining the cease and desist orders, the Texas State Securities Board in particular likened Sloties’ NFTs to something that is “similar to stock and other equities.”

City of Niagara Falls orders Blockfusion facility to cease and desist crypto mining

11.10.2022
The city notice effectively stopped the facility from conducting “any cryptocurrency mining or related operations” until Blockfusion was in compliance with local zoning ordinances

Crypto Lender NEXO Faces Cease-and-Desist Order From California

27.9.2022
All-in-one cryptocurrency platform Nexo has received a cease-and-desist order in the U.S. state of California. The desist-and-refrain order which was filed by California's Department of Financial Protection and Innovation (DFPI) alleges that Nexo has offered and sold "unqualified securities"...

SEC Orders Crypto Firm to Pay Harmed Investors $35 Million — Charges Influencer Ian Balina

20.9.2022
The U.S. Securities and Exchange Commission (SEC) has ordered crypto firm Sparkster and its CEO to pay $35 million into a fund for distribution to harmed investors. The securities regulator also charged crypto influencer Ian Balina for promoting crypto tokens without disclosing compensation...

Silver Supply Crunch Predictions, FDIC Issues Cease and Desist Order to FTX US, and More — Bitcoin.com News Week in Review

28.8.2022
Morgan Report founder David Morgan foresees a supply crunch for silver, and says that in ten years’ time, it will be one of the best investments of the decade. One analyst, however, says if the precious metal falls below $18, it’s “very possible that we could see silver...

FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange

21.8.2022
The Federal Deposit Insurance Corporation (FDIC) has sent a cease and desist letter to five companies, including crypto exchange FTX US. CEO Sam Bankman-Fried explained that FTX does not have FDIC insurance, stating: “We never meant otherwise, and apologize if anyone misinterpreted...