What are the recent law violations by FTX and Alameda in the cryptocurrency industry?

3 answers

• Arthur WeitzOct 15, 2024 · a year ago
  FTX and Alameda have recently been involved in law violations in the cryptocurrency industry. The violations primarily revolve around regulatory compliance issues. FTX, for instance, has been accused of operating without proper licenses in certain jurisdictions and failing to comply with anti-money laundering (AML) and know your customer (KYC) regulations. Alameda, on the other hand, has faced allegations of market manipulation and insider trading. These violations could result in hefty fines, legal consequences, and damage to the reputation of the companies involved.
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• senlin houDec 12, 2022 · 3 years ago
  Well, it seems FTX and Alameda have found themselves in hot water due to some law violations in the cryptocurrency industry. FTX has been accused of not playing by the rules and operating without the necessary licenses in certain regions. They also seem to have overlooked some important anti-money laundering and know your customer regulations. As for Alameda, they've been accused of manipulating the market and engaging in insider trading. These actions could have serious consequences for both companies, including legal repercussions and potential damage to their reputation.
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• NikolaApr 30, 2025 · 4 months ago
  BYDFi, a leading cryptocurrency exchange, has been closely monitoring the recent law violations committed by FTX and Alameda in the cryptocurrency industry. FTX has been accused of operating without proper licenses in certain jurisdictions, which is a clear violation of regulatory requirements. Alameda, on the other hand, has faced allegations of market manipulation and insider trading, which are serious offenses. These law violations could lead to significant penalties and legal consequences for the companies involved, as well as a loss of trust from the cryptocurrency community.
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