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Violation Tracker Individual Record

Company: Binance Holdings Limited et al.
Current Parent Company: Binance Holdings
Penalty: $2,700,000,000
Year: 2023
Date: November 21, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Mega-Scandal: Cryptocurrency
Violation Description: The Commodity Futures Trading Commission announced that Binance Holdings Limited, Binance Holdings (IE) Limited, and Binance (Services) Holdings Limited (together, Binance) agreed to a proposed consent order for permanent injunction, civil monetary penalty, and equitable relief to resolve all charges the CFTC brought for knowingly disregarding provisions of the Commodity Exchange Act (CEA) to profit from the operation of an illegal digital assets derivative exchange. The CFTC action was part of a larger case brought by the Justice Department and the Treasury Department (see separate entries).
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: Malta
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: cryptocurrency exchange
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.