Bittrex fined $24 million by US Authorities for this reason

Bittrex fined for Violating sanctions

About Bittrex

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What's the news?

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The Violation

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Total Value Traded

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Largest Penalty Ever

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Response from Bittrex

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We're on You Tube

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Bittrex fined for Violating sanctions

Bittrex fined for Violating sanctions

About Bittrex

About Bittrex

Bittrex was founded in 2014 by cybersecurity engineers. It's a crypto trading platform for buying & selling cryptos and has a daily transaction volume of $300 million.

What's the news?

What's the news?

Bittrex was fined $24 million by US authorities for violating the sanctions hinting towards money laundering.

The Violation

The Violation

Bittrex helped its clients evade US sanctions in countries like Syria, Iran, Cuba & Crimera from 2014 to 2017

Total Value Traded

Total Value Traded

The authorities claimed that Bittrex allowed users of these nations trade cryptos worth $263.5 million

Largest Penalty Ever

Largest Penalty Ever

It is observed that $24 million is the largest penalty ever levied on a crypto exchange by the Office of Foreign Assets Control

Response from Bittrex

Response from Bittrex

Bittrex Global has agreed to comply with the ruling and agreed to pay the fine.

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