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.
The exchange is now registered with SEC stating “Poloniex LLC is regulated by the U.S. Security and Exchange Commission and incorporated in the state of Montana.”
Article comments