ASIC wins $9.3M penalty against BPS Financial over misleading Qoin Wallet

January 27, 2026 1 min read 13 views

Australia's Federal Court ordered BPS Financial to pay $1.3 million for unlicensed conduct and $8 million for misleading and deceptive representations.

#Wallet

ASIC wins $9.3M penalty against BPS Financial over misleading Qoin Wallet

Popular Articles

Fidelity readies digital dollar as stablecoins move into institutional finance

Citi sounds the alarm on ‘address poisoning’ scams flooding the Ethereum network

Trump files $5 billion lawsuit against JPMorgan over 2021 debanking

XRP slides 19% from January highs, pushing sentiment to 'extreme fear'

Individual behind $40 million government wallet theft is son of seized-crypto contractor executive: ZachXBT

Latest Articles

Stablecoin uncertainty could hurt banks more than crypto firms: Expert

Altseason is dead, expect shorter cycles and ‘violent’ rotations: Crypto exec

Ethereum Foundation sells $10.2M worth of ETH to BitMine in OTC deal

Bitcoin whales are starting to accumulate again at $71K: Santiment

Bitcoin sold off first when the U.S.-Iran war began. Two weeks later, it's outperforming nearly everything

ASIC wins $9.3M penalty against BPS Financial over misleading Qoin Wallet

Related Articles

SlowMist flags Linux Snap Store attack targeting crypto seed phrases

U.S. Treasury Confirms That All Seized Bitcoin Will Join the Strategic Bitcoin Reserve

The ZCash situation explained! Interview with ZEC bull Mert! BTC below $90K! ZEC falls 19%!

Crypto Wallets Can ‘Directly Compete With Neobanks'

Popular Articles

Fidelity readies digital dollar as stablecoins move into institutional finance

Citi sounds the alarm on ‘address poisoning’ scams flooding the Ethereum network

Trump files $5 billion lawsuit against JPMorgan over 2021 debanking

XRP slides 19% from January highs, pushing sentiment to 'extreme fear'

Individual behind $40 million government wallet theft is son of seized-crypto contractor executive: ZachXBT

Latest Articles

Stablecoin uncertainty could hurt banks more than crypto firms: Expert

Altseason is dead, expect shorter cycles and ‘violent’ rotations: Crypto exec

Ethereum Foundation sells $10.2M worth of ETH to BitMine in OTC deal

Bitcoin whales are starting to accumulate again at $71K: Santiment

Bitcoin sold off first when the U.S.-Iran war began. Two weeks later, it's outperforming nearly everything