Kraken's Bit Trade Fined $5.1M AUD for Regulatory Violations episode artwork

EPISODE · Dec 16, 2024 · 2 MIN

Kraken's Bit Trade Fined $5.1M AUD for Regulatory Violations

from The Shib and Tell · host Yona Gushiken

Bit Trade, the Australian subsidiary of Kraken, has been fined $5.1 million AUD (approx. $3.2 million USD) by the Australian Federal Court for offering a margin lending product to customers without regulatory approval.

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Kraken's Bit Trade Fined $5.1M AUD for Regulatory Violations

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This episode was published on December 16, 2024.

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Bit Trade, the Australian subsidiary of Kraken, has been fined $5.1 million AUD (approx. $3.2 million USD) by the Australian Federal Court for offering a margin lending product to customers without regulatory approval.

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