By · · last updated 2026-07-25
Kraken paid $362,158, Bittrex $24.3M, Poloniex $7.6M. The documented OFAC settlements with crypto exchanges — and the screening gaps they share.
OFAC's enforcement record with crypto exchanges is the best public dataset on what screening gaps cost. Three settlements tell the story.
Kraken (2022): $362,158 for apparent violations involving users in embargoed jurisdictions — sanctions evasion through unblocked accounts.
Bittrex (2022): $24.3M for processing transactions involving sanctioned jurisdictions without screening.
Poloniex (2023): $7.6M for similar jurisdiction screening failures.
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Each settlement traces to the same gap: counterparty and jurisdiction screening that did not run before transactions settled. The amounts scale with volume — which is exactly why agents, executing hundreds of payments autonomously, are the highest-risk surface.
Exchanges paid millions to learn what a pre-transaction screen costs nothing to run. The pattern is the same: screen before sign, log every result, fail closed. The enforcement dataset tracks the record.
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