Block, Inc. has agreed to a $40 million settlement with the New York Department of Financial Services (NYDFS) for “significant failures” in …
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Penalty
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OKX, one of the largest cryptocurrency exchanges, settled with U.S. authorities over failing to obtain a license to operate as a money …
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Regulation
Crypto Exchange Giant Bybit Shells Out $1,000,000 Penalty to Regulators To Resume Operations in India
by shayaanby shayaanThe world’s second-largest crypto exchange by trading volume is re-entering the Indian market after securing mandatory registration with regulators and paying a …
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Regulation
US Banking Regulator FDIC Hits Bank With $20,448,000 Penalty – About a Quarter of the Lender’s Total Assets
by shayaanby shayaanThe Federal Deposit Insurance Corporation (FDIC) is penalizing a Weir, Kansas-based bank with a monetary fine equal to over a quarter of …
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Regulation
$63,100,000 Penalty Hits 12 Financial Giants, Including Charles Schwab and Santander, As SEC Issues Major Enforcement Action
by shayaanby shayaanThe U.S. Securities and Exchange Commission (SEC) is set to collect $63.1 million in fines from nine investment advisers and three broker-dealers …
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Regulation
JPMorgan Chase Paying $1,790,000 Penalty for Overcharging Clients in Singapore, Failing to Stop Employee Misconduct
by shayaanby shayaanJPMorgan Chase is paying a $1.79 million penalty for overcharging a group of clients in Singapore. The Monetary Authority of Singapore (MAS) …
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Web3
W-Coin’s Inactivity Penalty Explained: What It Means for the Upcoming Airdrop
by shayaanby shayaanW-Coin, the popular Telegram tap-to-earn game, has introduced an inactivity penalty that affects airdrop rewards. This article explains how it works and …