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“eToro Reaches Settlement with SEC and Will Cease Trading Activity in Nearly All Crypto Assets”

2024-09-12 [vendor] eToro settlement
Primary Source ↗

Incident Details

The eToro stock and crypto trading platform settled with the U.S. Securities and Exchange Commission on charges that it was operating an unregistered broker and unregistered clearing agency, and facilitating trading certain crypto assets as securities. The platform agreed to pay $1.5 million in fines. As a part of the settlement, the platform will also restrict crypto trading for its U.S.-based customers to only bitcoin, bitcoin cash, and ether.

Technical Details

Initial Attack Vector
Regulatory / legal action
Vendor / Product
eToro settlement

Timeline

  1. 2024-09-12 Breach occurred
  2. 2024-09-12 Publicly disclosed