Accused of having raped from sanctionsthe cryptocurrency exchange platform Poloniex agreed to pay a fine from 7.5 million dollars to pay for the lawsuits.
The Office of Foreign Assets Control of the U.S. Treasury Department announced Monday that it has imposed a 7.5 million dollar fine à Poloniexa crypto exchange supported by Justin Sun.
The American financial control agency blames Poloniex of having violated sanctions against Crimea, Cuba, Iran, Sudan and Syria.
Between 2014 and 2019, Poloniex allowed customers apparently located in sanctioned jurisdictions to engage in online transactions related to digital assets – consisting of trades, deposits and withdrawals – with a combined value of more than $15 million,” the regulator explained, noting that the company was aware of the violations.
Founded in 2014, Poloniex was acquired by Circle in 2018 and then finally bought in 2019 by Polo Digital Assetsan entity headed by controversial crypto entrepreneur Justin Sun.
In December, Poloniex announced a strategic partnership with Huobi. Earlier in 2022, Sun declared that the 2 exchanges could merge.
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