Enforcement Actions

According to The Block, New York Attorney General Letitia James is seeking $1.3 billion from NovaTech founders Cynthia Petion and Eddy Petion following a default judgment issued after the couple left the United States. Four promoters associated with the scheme will return approximately $6 million i

According to Bitcoin Magazine, China's Second Intermediate People's Court of Tianjin accepted a confiscation application on September 28 targeting roughly 61,900 bitcoins (worth approximately $5 billion) linked to one of the country's largest fraud cases. Prosecutors allege that Qian Zhimin

According to Bitcoin Magazine, a shareholder and former Circle employee filed a lawsuit on October 22 alleging that U.S. President Donald Trump received $2 billion from United Arab Emirates investors into his World Liberty Financial cryptocurrency project in violation of the Constitution. The lawsui

According to The Block, citing a New York Post report, prediction market platform Polymarket dismissed its Chief Marketing Officer Matthew Modabber following an internal investigation launched earlier this year over concerns raised by company

According to Bitcoin.com, Colombian authorities arrested 8 people on Wednesday in coordination with U.S. intelligence agencies, dismantling a cryptocurrency money-laundering operation linked to drug trafficking. The gang used deposit networks, crypto tokens, and transaction splitting (smurfing) to c

According to BlockBeats and the Xiangtan Public Security Bureau, on October 23, police in Xiangtan County, Hunan Province successfully dismantled a fraud operation and detained three suspects accused of stealing cryptocurrencies using malicious links. The suspects—Zhou, Chen, and Liang—operated

U.S. Secretary of Defense Pete Hegseth issued a memorandum on Oct. 20, imposing a department-wide ban on Defense Department employees using nonpublic information to bet on military operations in prediction markets such as Kalshi and Polymarket. The memo was sent to senior officials at the Pentagon and across defense agencies and stated unequivocally: “Our adversaries are watching these markets move, and the safety of our service members often depends on the enemy not knowing what is going to hap

Bitcoin (BTC) has given back this week’s gains, trading at around $81,450 as of Oct. 23. A Circle shareholder has sued Trump and his family’s World Liberty Financial, alleging a $2 billion deal involving a foreign government entity and Binance. The Commodity Markets Council (CMC) urged the CFTC to hold off on approving Kalshi’s proposed perpetual oil futures contracts. Macro Events & Crypto Hot Topics CoinTelegraph reported that a shareholder of Circle Internet Financial, the company behind the

According to CoinPost, on October 22, Japan's ruling Liberal Democratic Party approved a cybersecurity proposal calling for the establishment of a Prime Minister-led cyber response headquarters to strengthen national defense against cyber threats. The proposal requires police authorities to

According to the Hong Kong Securities and Futures Commission (SFC), BTCC has been listed as a suspicious virtual asset trading platform on October 23. The platform is operated by Polish company BTCC Poland Limited and is unlicensed in Hong Kong. The SFC stated that the entity is suspected of

The FBI’s Internet Crime Complaint Center (IC3) released its 2025 Internet Crime Report, which said it received 1.009 million internet crime complaints during the year, with reported losses of $20.9 billion. Of those complaints, 181,565 involved cryptocurrency. President Trump held a White House meeting on combating internet crime on October 21, saying that more than 10,000 potential victims had been warned this year and that the FBI had dismantled 20 scam compounds worldwide. FBI IC3 2025 Inter

Senator Richard Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations, is investigating payments of millions of dollars from Tether to Nxum Group, a consulting firm led by Bo Hines, the former White House crypto policy adviser, according to CoinDesk. Blumenthal

According to The New York Post, Matthew Modabber, who served as chief marketing officer of Polymarket since January 2024, has been fired on October 23. The dismissal follows an internal investigation into allegations that his team created

The Pentagon has barred Defense Department personnel from trading on prediction markets using nonpublic military information, according to guidance issued by Defense Secretary Pete Hegseth on October 20 and reported by the Associated Press and other outlets on October 22. The restriction applies to