Solana’s Pump.fun hit with cease and desist over alleged IP violations
Solana-based meme coin deployer Pump.fun continues to draw legal heat as recent allegations claim some tokens launched on the platform violated intellectual property rights. On Feb. 5, Pump.fun a cease and desist letter was issued against Pump.fun by U.S. law firms Burwick Law and Wolf Popper LLP, demanding the removal of several meme coins allegedly […]
Crypto ‘godfather’ and LA cop plead guilty to tax, civil rights violations
Adam Iza, founder of the Zort crypto trading platform, and LASD deputy Eric Chase Saavedra admit to exploiting law enforcement. Source link
South Korea’s regulator issues suspension warning to Upbit over 700,000 KYC violations
South Korea’s regulator is about to suspend Upbit’s operations, citing the exchange’s failure to properly implement KYC processes. South Korea‘s financial regulator, the Financial Intelligence Unit, has notified Upbit, the country’s largest crypto exchange, of a potential suspension over violations of the KYC requirements and AML obligations, the Maeil Business Newspaper has learned. The report […]
Robinhood hit with $45m SEC settlement over securities violations
Robinhood has agreed to a $45 million settlement with the United States Securities and Exchange Commission after its broker-dealer entities were found to have violated multiple securities laws. An SEC order made public on Jan. 13 claims that Robinhood Securities LLC and Robinhood Financial LLC committed over 10 violations of securities law provisions ranging from […]
Upbit license renewal on hold after authorities uncover 500k suspected KYC violations
South Korea’s Financial Intelligence Unit reportedly found 500,000 to 600,000 potential KYC violations on Upbit, the largest crypto exchange in the nation. KYC violations of this scale could lead to fines and possible license renewal issues. According to a report by local news agency Maeil Business Newspaper, South Korea’s Financial Intelligence Unit of the Financial […]
South Korea probes Upbit for 600K KYC violations
Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with its business license renewal. Source link
