Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Bittrex, Inc.
Penalty: $24,280,829
Year: 2022
Date: October 11, 2022
Offense Group: financial offenses
Primary Offense: economic sanction violation
Violation Description: Bittrex, Inc., a private company based in Bellevue, Washington, that provides an online virtual currency exchange and hosted wallet services, agreed to remit $24,280,829.20 to settle its potential civil liability for 116,421 apparent violations of multiple sanctions programs. Bittrex failed to prevent persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria from using its platform to engage in approximately $263,451,600.13 worth of virtual currency-related transactions.
Level of Government: federal
Action Type: agency action
Agency: Office of Foreign Assets Control
Civil or Criminal Case: civil
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.