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Paxos Settles with NYDFS for $48M Over Binance and AML Violations
Aug 8, 2025
< 1 min read
by Wayne Jones
for CryptoPotato
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Paxos has agreed to pay $48.5 million to the New York Department of Financial Services (NYDFS).
This is to resolve allegations related to inadequate due diligence on its former partner, Binance, and failures in its anti-money laundering program.
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