Crypto Currency Tracker logo Crypto Currency Tracker logo
The Daily Hodl 2023-06-24 18:45:42

U.S. SEC Agrees To Scrap $30,000,000 BlockFi Fine Until Bankrupt Crypto Lender Pays Its Creditors

The U.S. Securities and Exchange Commission (SEC) has decided to allow bankrupt crypto lender BlockFi to prioritize its creditors over its civil penalties. BlockFi owes the SEC a $30 million fine stemming from 2022 charges, but the regulator agreed to scrap the penalty until the company can pay off the parties who lost money when The post U.S. SEC Agrees To Scrap $30,000,000 BlockFi Fine Until Bankrupt Crypto Lender Pays Its Creditors appeared first on The Daily Hodl .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.