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Crypto trading firm closes shop after $8 million NY state fine over security issues
Jan. 16, 2024, 5:15 p.m. |
The Record by Recorded Future therecord.media
A cryptocurrency trading company has shut down after agreeing to pay an $8 million penalty and surrender its licenses to New York state regulators, who found it had violated multiple financial industry rules, including cybersecurity protections. Genesis Global Trading, Inc. had “compliance failures” that “left the company vulnerable to illicit activity and cybersecurity threats,” including
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