UNITED STATES OF AMERICA

UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934

Release No. 101755 / November 26, 2024

ADMINISTRATIVE PROCEEDING

File No. 3-20455

In the Matter of

Poloniex, LLC,

Respondent.

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ORDER DIRECTING DISBURSEMENT

OF FAIR FUND

On December 1, 2022, the Division of Enforcement, pursuant to delegated authority,

published a Notice of Proposed Plan of Distribution and Opportunity for Comment (“Notice”),1

pursuant to Rule 1103 of the Commission’s Rules on Fair Fund and Disgorgement Plans

(“Commission’s Rules”);2 and simultaneously posted the Proposed Plan of Distribution (the

“Proposed Plan”). The Notice advised interested persons that they could obtain a copy of the

Proposed Plan from the Commission’s public website or by submitting a written request to

Catherine Pappas, United States Securities and Exchange Commission, One Penn Center, 1617

JFK Blvd., Ste. 520, Philadelphia, PA 19103. The Notice also advised that all persons desiring to

comment on the Proposed Plan could submit their comments, in writing, within 30 days of the

Notice. The Commission received no comments on the Proposed Plan during the comment

period. On January 31, 2023, the Division of Enforcement, pursuant to delegated authority,

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Exchange Act Rel. No. 96429 (Dec. 1, 2022).

17 C.F.R. § 201.1103.

issued an order approving the Proposed Plan,3 and posted the approved Plan of Distribution (the

“Plan”).

The Plan provides for the distribution of the Fair Fund, plus accumulated interest, less

taxes, fees, and expenses, to the harmed investors according to the methodology set forth in the

Plan.

Pursuant to the Plan, the Fund Administrator has submitted a payment file to the

Commission staff with a reasonable assurances letter as to the completeness and accuracy of the

information contained therein. The Commission staff has reviewed and accepted the payment file

and requests, pursuant to Rule 1101(b)(6) of the Commission’s Rules, 17 C.F.R. §

201.1101(b)(6), that the Commission authorize the transfer of $4,584,409.75 from the Fair Fund

to the Fair Fund’s escrow account at The Huntington National Bank N.A. for distribution by the

Fund Administrator in accordance with the Plan.

Accordingly, it is hereby ORDERED, that Commission staff shall transfer $4,584,409.75

from the Fair Fund to the Fair Fund’s escrow account, for a total distribution of $4,584,409.75 by

the Fund Administrator in accordance with the Plan.

For the Commission, by the Division of Enforcement, pursuant to delegated authority.4

Vanessa A. Countryman

Secretary

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See Order Approving Plan of Distribution, Exchange Act Rel. No. 96779 (Jan. 31, 2023).

17 C.F.R. § 200.30-4(a)(21)(v).

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