More than half of the SEC's recoveries came from crypto, mainly the $4.5 billion settlement in the Terraform Labs case. The U.S. Securities and Exchange Commission (SEC) has announced that it secured $8.2 billion in enforcement actions in 2024. This is the largest amount the commission has ever recovered, with...
BIT Mining Settles for $10M Over Bribery Allegations in Japan Resort License Bid
The company admitted to conspiring with CEO Zhengming Pan in paying $1.9 million in bribes to secure a resort license. In a settlement with US authorities, BIT Mining agreed to pay $10 million in penalties related to bribery allegations involving Japanese government officials to secure a resort license. The company,...
SEC Approves $4.6M Payment to Investors Affected by BitClave’s Crypto ICO
Nearly 9,500 investors were involved in BitClave's ICO, raising $25M before legal troubles halted its ambitions. The U.S. Securities and Exchange Commission (SEC) has confirmed the distribution of over $4.6 million to investors impacted by the unregistered initial coin offering (ICO) of blockchain startup BitClave. The funds will be paid...
