The Office of Foreign Assets Control of the US Department of the Treasury may fine US-based crypto exchange Kraken for violating the sanctions regime, the The New York Times has reported.
According to the publication, the investigation has been ongoing since 2019.
The NYT has reported that as part of communication within the company, Kraken CEO Jesse Powell posted a table with verified exchange accounts. According to it, the platform had 1,522 users in Iran, 149 in Syria and 83 in Cuba. The document was later removed.
Kraken’s chief legal officer, Marco Santori, has said the company “does not comment on specific discussions with regulators.”