Has Anchorage Digital faced regulatory or operational challenges?

Yes:

• In April 2022, the OCC issued a consent order requiring Anchorage to strengthen its AML controls. Anchorage complied and the order was terminated in July 2023.
• In February 2025, Anchorage disclosed that U.S. Homeland Security was investigating aspects of its compliance practices.
• In March 2023, Anchorage laid off 20% of staff (~75 employees) due to market conditions, regulatory uncertainty, and a slowdown in NFT demand.