SEC Provides Reparations to BitClave ICO Investors
The payment is part of a settlement BitClave agreed to pay in 2020 after the SEC sued the search engine for failing to register as a securities offering. The U.S. Securities and Exchange Commission (SEC) announced on Nov. 20 that it has sent $4.6 million in reparations to investors affected by BitClave’s unregistered initial coin […]
CFTC Orders Defunct Mirror Trading International to Pay $1.7B Fine
The Commodity Futures Trading Commission (CFTC) announced on September 7 that the US District Court for the Western District of Texas has ordered defunct Mirror Trading International (MTI) to pay $1.7 billion in restitution to victims for operating a fraudulent scheme. The CFTC noted that MTI and its CEO, Cornelius Steynberg, were involved in an […]
Binance reportedly wishes to pay fines to settle US investigations
Binance cryptocurrency exchange expects it will be able to finally settle the ongoing issues of regulatory investigations of the cryptocurrency industry in the U.S. by paying fines. Chief Strategy Officer Patrick Hillmann claims that the majority of the software engineers who contributed to the growth of the exchange were not aware of the laws and […]