August 8, 2025

Paxos Trust has agreed to pay a $48.5 million settlement to NYDFS over Binance, AML failures

Paxos Trust has agreed to pay a $48.5 million settlement to the New York Department of Financial Services (NYDFS), resolving allegations that it failed to properly monitor illicit activity tied to its former partnership with Binance, the world’s largest …

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