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Jack Dorsey's Block fined $40M for alleged crypto compliance, AML failures
10.4.2025
Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash App platform, Bloomberg reported on April 10.Block was fined by the New York Department of Financial Services (NYDFS) following an investigation...
Jack Dorsey's Block fined $40M for alleged crypto compliance, AML failures
10.4.2025
Digital payments company Block Inc. has reached a $40 million settlement with New York regulators over alleged compliance misconducts tied to its Cash App platform, Bloomberg reported on April 10.Block was fined by the New York Department of Financial Services (NYDFS) following an investigation...
OKX Fined $1.2 Million by Malta’s FIAU for Anti-Money Laundering Failures
4.4.2025
Okcoin Europe Ltd, the European subsidiary of OKX Exchange, has been fined $1.2 million (€1.05 million) by Malta’s FIAU for anti-money laundering and compliance failures in 2023. The company has since taken corrective measures to address the deficiencies flagged in the review. Okcoin Europe...
DPRK’s $1.4B Laundering Exposes Crypto Industry Failures, ZachXBT Says
18.3.2025
On Tuesday, onchain investigator ZachXBT raised alarms about the growing prevalence and severity of exploits within the cryptocurrency sector, highlighting the recent Bybit breach as a critical example. ‘This Industry Is Unbelievably Cooked,’ Says Investigator His latest commentary delivers...
How to Prepare for a Major Compliance Failure Settlement: The OKX Approach
25.2.2025
A confidential crisis management document drafted by OKX offers a fascinating insight into how one exchange choreographs its response when news breaks about regulatory failures
SEC sues Elon Musk claiming disclosure failures with Twitter stock
15.1.2025
The SEC sued Elon Musk alleging he violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022
SEC sues Elon Musk claiming disclosure failures with Twitter stock
15.1.2025
The SEC sued Elon Musk alleging he violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022
SEC sues Elon Musk, claiming disclosure failures with Twitter stock
15.1.2025
The US Securities and Exchange Commission alleges Musk violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022
SEC sues Elon Musk, claiming disclosure failures with Twitter stock
15.1.2025
The US Securities and Exchange Commission alleges Musk violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022
SEC sues Elon Musk, claiming disclosure failures with Twitter stock
15.1.2025
The US Securities and Exchange Commission alleges Musk violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022
SEC sues Elon Musk, claiming disclosure failures with Twitter stock
15.1.2025
The US Securities and Exchange Commission alleges Musk violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022
SEC sues Elon Musk, claiming disclosure failures with Twitter stock
15.1.2025
The US Securities and Exchange Commission alleges Musk violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022
SEC sues Elon Musk, claiming disclosure failures with Twitter stock
15.1.2025
The US Securities and Exchange Commission alleges Musk violated US securities laws by failing to timely disclose that he owned over 5% of Twitter’s stock in early 2022
WBTC Episode 'Reopened Old Wounds' of Centralized Failures: Bitcoin Builders Association
18.12.2024
The venture between BitGo and BiT Global provided a reminder of the distrust many BTC holders still have for centralized custody, according to a new report
Lawmaker Demands Overhaul Amid Regulatory Failures: ‘The Era of Post-Financial Crisis Regulation Is Over’
21.11.2024
“Post-financial crisis regulation is over,” a top U.S. lawmaker has declared, calling for urgent reforms to digital asset oversight, regulatory transparency, and leadership accountability at federal agencies. Lawmaker’s Warning Signals Major Shake-up for Financial Oversight Agencies House Financial...
Millions Recovered: DOJ Orders Seized Funds Returned in Failed Bank’s Crypto Scheme
6.11.2024
A judge ordered millions seized in a Kansas crypto fraud scheme be returned to defrauded investors, marking partial relief for victims of the bank collapse. Millions Lost, Millions Returned: DOJ Mandates Restitution for Defrauded Investors The U.S. Department of Justice (DOJ) announced on Monday...
Trapped in the Solana Maze: Outages, TPS Myths, and Validator Control
5.10.2024
Solana is known for its promise of high-speed blockchain technology. However, beneath its claims of superiority lie serious…
Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi
5.10.2024
Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory...
Congressman Blasts SEC Chair Over Crypto Regulation Failures
25.9.2024
Congressman Tom Emmer sharply criticized U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler during a congressional hearing, questioning his leadership and approach to cryptocurrency regulation. “The SEC broke the law, your attorneys lied to the court, and no one in your...
United Texas Bank Faces Regulatory Action for AML Failures Linked to ‘Virtual Currency Customers’
4.9.2024
United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money laundering (AML) program and corporate governance...