The 15 highest crypto fines in US history - #Binance is not top 1
- Taking the TOP 1 is Celsius, with a fine of up to $4.7 billion, followed by Binance with $4.3 billion. The third-largest fine belongs to Voyager, with $1.65 billion.
- The main reasons are violations in investor protection mechanisms, shortcomings in anti-money laundering efforts, and violations of economic sanctions.
- Among the TOP 3, Binance stands out the most because this fine is targeting a company that is still operational rather than one that has already gone bankrupt like Celsius and Voyager.
- It is noteworthy that 7 out of the 15 largest fines occurred this year in 2023, indicating increasingly stringent supervision in the young crypto industry.
- The Securities and Exchange Commission (SEC) is the most active agency, leading in 8 out of the 15 cases. In addition, other agencies such as the Department of the Treasury, the Commodity Futures Trading Commission (CFTC), and the Federal Trade Commission (FTC) are also involved.
