AUSTRAC Slaps Cointree with $48K Fine for Late SMRs – Who’s Next?

AUSTRAC has fined Melbourne-based crypto exchange Cointree A$75,120 for submitting suspicious matter reports late, saying the delay has hindered investigators tracing criminal funds. The case reflects Australia’s drive to shutter inactive exchanges and reinforce anti-money-laundering controls.
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FTX to Deliver Up to 120% Creditor Payout in May 30 Second Distribution Wave

FTX has announced that distributions under its Chapter 11 plan will resume on May 30 2025. Eligible creditors in several claim classes who have completed KYC, tax submissions and onboarding with BitGo or Kraken have been set to receive cash payouts of 54-120 % within three business days.
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