Hacker in SEC X account breach faces $50k fine in plea deal
Eric Council Jr., the man accused of helping to breach the X account of the U.S. Securities and Exchange Commission, has pleaded guilty to the charges. As a result, Council faces a potential $50,000 fine as part of the plea deal, Bloomberg reported. U.S. authorities proposed the forfeiture of the $50k in a filing at […]
BitMEX ordered to pay $100m fine for violation of U.S. banking laws
Crypto exchange BitMEX has been ordered to pay a $100 million penalty for violating U.S. banking laws. A federal judge ordered HDR Global Trading Limited, BitMEX’s parent company, to pay the penalty along with a two-year unsupervised probation sentence. In a ruling on Wednesday, January 15, 2025, U.S. District Court Judge John Koeltl, of the […]
Coinbase accused of market manipulation, Kraken Australia hit with $5M fine: Law Decoded
A lawsuit against Coinbase concerns allegations under the Sherman Act of attempted monopolization of the Wrapped Bitcoin market. Source link
BIT Mining to pay $10M fine for bribing Japanese politicians in former life
BIT Mining, previously known as online sports casino 500.com, made around $2.5 million worth of bribes to Japanese officials between 2017 and 2019. Source link
