Enforcement Actions

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) added eight Canadian money services businesses to its Specially Designated Nationals (SDN) list on November 6 under Operation Economic Outcast, citing their role in facilitating transactions for Iran's regime. The sanctioned

According to ChainCatcher, Linyi authorities issued a warning against the 'Global Securities Exchange' and 'Savings Project' apps on Nov 8, citing two major illegal financial fraud schemes. The Global Securities Exchange project promotes high returns to lure investors into purchasing virtual

According to the Financial Times, on November 8, Democrats announced plans to investigate former President Trump's family and their cryptocurrency business relationships after winning majority control of both chambers of Congress. Trump generated over $1.16 billion in cryptocurrency-related income l

According to Foresight News citing Agence France-Presse, a man was sentenced to 5 years imprisonment on November 6 by a Paris misdemeanor court for illegally minting and stealing 1 billion HLG tokens. The sentence includes 3 years suspended, with 2 years to be served. The defendant, a Ukrainian

According to ChainCatcher, a Ukrainian man was sentenced on Friday to 5 years in prison—2 years custodial and 3 years suspended—for illegally minting and stealing 1 billion Holograph (HLG) tokens worth approximately $14 million between May and August 2024. The suspect exploited security

According to the U.S. Department of Justice, on November 5, former FBI special agent Patrick Steven Yaroch admitted to wire fraud and money laundering charges. Using his official access, Yaroch stole approximately $2.744 million in cryptocurrency from wallets belonging to investigation subjects, for