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BTCC / BTCC Square / Global Cryptocurrency /
Abu Dhabi Regulator Fines Crypto Firm Hayvn and CEO Over $12m for Breaches

Abu Dhabi Regulator Fines Crypto Firm Hayvn and CEO Over $12m for Breaches

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-04-14 11:17:02
0
Abu Dhabi’s financial regulator, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global market (ADGM), has fined crypto firm Hayvn and its former CEO, Christopher Flinos, over $12 million for breaches related to anti-money laundering (AML) regulations and unlicensed activity. The FSRA imposed fines totaling $8.85 million on Hayvn and canceled its financial services license. Additionally, ADGM’s Registration Authority imposed a separate fine of $3.6 million, with $3.3 million specifically on Flinos for engaging in various fraudulent schemes. Hayvn Cayman and Hayvn ADGM were also fined $3.6 million and $3 million, respectively.
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