---
title: "Australia fines Kraken operator $5M for regulatory breaches"
url: https://diffcoin.com/australia-fines-kraken-operator-5m-for-regulatory-breaches/
description: "Kraken Australia operator Bit Trade must pay $5 million plus court costs after the Federal Court sided with the country’s corporate watchdog. Source link"
published: 2024-12-12
updated: 2024-12-12
author: "Mila"
site: "Diffcoin"
---

# Australia fines Kraken operator $5M for regulatory breaches

Kraken Australia operator Bit Trade must pay $5 million plus court costs after the Federal Court sided with the country’s corporate watchdog.

[Source link](https://cointelegraph.com/news/kraken-australia-5-million-fine-corporate-regulator-lawsuit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)