The Securities and Exchange Commission (SEC) today announced one of the oldest crypto exchange, Poloniex LLC, has agreed to pay more than $10 million to settle charges for operating an unregistered online digital asset exchange.
That refers to the period of July 2017 through November 2019 with Poloniex agreeing to the entry of a cease-and-desist order and agreed to pay disgorgement of $8,484,313, prejudgment interest of $403,995, and a civil penalty of $1.5 million for a total of $10,388,309. The order establishes a Fair Fund for the benefit of victims, SEC said.
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