Bittrex to Pay $53 Million Fine to US Treasury to Settle Allegations of Sanctions and AML Violations

Cryptocurrency exchange Bittrex Inc. has agreed to a significant settlement with the U.S. Treasury Department, resolving allegations of violations related to sanctions and anti-money laundering (AML) regulations. On Oct. 11, 2025, the U.S. Treasury Department announced that cryptocurrency exchange Bittrex Inc. had agreed to settle $53 million total in fines over allegations it violated sanctions and anti.

The settlement, totaling $53 million, addresses apparent violations uncovered by the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN). Bittrex, Inc. (Bittrex), a cryptocurrency exchange with headquarters in Bellevue, Washington, has reached settlements with the Office of Foreign Assets Control (OFAC) and the Financial.

A key aspect of the allegations centers around Bittrex's alleged failure to implement robust controls to prevent individuals in sanctioned regions from accessing its platform. Bittrex allegedly failed to prevent persons located in sanctioned jurisdictions from using the Bittrex platform to engage in over $200 million worth of virtual currency.

According to the U.S. Treasury Department, cryptocurrency exchange Bittrex Inc. was fined about $53 million to settle apparent violations of U.S. sanctions regulations. The U.S. Treasury Department said on Tuesday that cryptocurrency exchange Bittrex Inc had agreed to pay $29 mln in fines for apparent violations of sanctions.

This settlement highlights the U.S. government's ongoing efforts to ensure cryptocurrency exchanges comply with regulations designed to prevent illicit financial activity and enforce sanctions. The $53 million fine sends a clear message to the cryptocurrency industry about the importance of implementing effective compliance programs.