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It’s been a busy week for Binance, and not in a good way. The latest hit comes in the form of a $2 million fine from the Australian Communications and Media Authority (ACMA) for spam breaches.
ACMA posted the news on Thursday, confirming that the crypto exchange had paid the fine.
This was the culmination of an investigation that found Binance sent more than 5.7 million emails that either couldn’t be unsubscribed from or were difficult to opt-out of. In the latter case, consumers were required to log into their accounts to do this.
These emails were sent over a period of seven months, between October 2021 and May 2022.
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Senior Technology Journalist
Tegan Jones is a senior technology journalist at SmartCompany. A multi-award-winning journalist, she has been reporting on technology, telecommunications and gaming for the past 10 years. She regularly appears on mainstream media channels as an expert tech commentator. Her previous roles include editor of Gizmodo Australia and global reviews editor at Finder. She has also served as a reporter and editor across Business Insider, Lifehacker and Kotaku Australia. Tegan was the co-host of one of the top technology podcasts in Australia, Queens of the Drone Age. You can find her on Twitter @Tegan_Writes.
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