Enforcement Actions

According to Wired, the U.S. Commodity Futures Trading Commission (CFTC) secretly approved at least 3 insider trading investigations on Polymarket from May through July, involving Biden pardon, Iran war, and Google-related event contracts. CFTC Chair Michael Selig approved the Biden pardon case in M

According to ChainCatcher, Singapore's first two batches of seized assets from a S$3 billion money laundering case have opened for online auction, with an estimated combined value between S$2.9 million and S$3.9 million. Bidding is conducted online only with no in-person or telephone options. One o

According to BlockBeats and WIRED, on September 12, the U.S. CFTC approved at least three insider trading investigations into Polymarket contracts. In May, CFTC Chair Michael Selig approved an investigation into Biden pardon contracts, following a trader's gains exceeding $300,000. The same month, t

According to WSJ, on September 12, a network of 19 interconnected Polymarket accounts targeting KPMG-audited public companies posted a 98% win rate, with 41 profitable trades out of 42 total positions and cumulative gains of approximately $22,000 over recent months. The accounts concentrated bets o

According to Coindesk, FTX founder Sam Bankman-Fried's second appeal was dismissed. SBF has withdrawn his motion for reconsideration and filed for a presidential pardon. He is currently awaiting the pardon decision and sentencing arrangements, marking the final stage of his legal

Sam Bankman-Fried filed a petition with the U.S. Supreme Court on Thursday asking the justices to overturn his fraud conviction and cancel the $11 billion forfeiture a court ordered him to pay. The former crypto billionaire is seeking a new trial in the last stage of his direct appeal, arguing

According to CNN, Sam Bankman-Fried filed a petition with the U.S. Supreme Court on Thursday (September 11) seeking to overturn his fraud conviction and $11 billion forfeiture order related to the collapse of FTX exchange. The former crypto entrepreneur argues that the trial court wrongly barred

According to FinanceFeeds, Blockstream rejected a 10% bounty demand from the Liquid Network exploiter on Friday, refusing to pay compensation for the return of 598.5 BTC still outstanding after the attacker returned roughly 3,400 BTC on Sept. 7. Blockstream stated that taking assets without

According to PANews, Oleksii Trofimchuk filed a lawsuit against Lido Finance and Stakefish in Santa Clara County Superior Court on September 8, alleging that a competing MEV bot submitted high-priority transactions to claim ETH after his wallet was compromised. In response, Stakefish founder Chun (F

The European Securities and Markets Authority published a risk monitor report on prediction markets, stating the sector is "rife with inside trading" and devoting an entire chapter to the issue. The regulator documented three specific episodes: new wallets made $1.2 million hours before February's s

According to the European Securities and Markets Authority's latest risk monitor published in September, prediction markets are "rife with inside trading." The regulator cited three episodes: new wallets generated $1.2 million hours before February's strike on Iran; by May, nine linked accounts

According to Bitcoin News, the CFTC's approval of Kalshi's bitcoin perpetuals as futures products has left traders uncertain about how to report gains to the U.S. Internal Revenue Service. If classified under Section 1256 of the U.S. Tax Code, profits would typically be taxed as 60% long-term

Blockstream refused a ransom demand for the remaining 598.5 BTC from the Liquid Network exploit on Friday, saying it would not pay a bounty to recover the stolen funds. The company stated that "taking assets without authorization and withholding their return is a crime, not responsible

According to the U.S. Department of Justice, authorities recently restrained over $52 million in cryptocurrency linked to Xinbi Guarantee, a Chinese-language marketplace accused of facilitating scam operations and money laundering, with proactive assistance from Tether. Two cryptocurrency wallets ho

Albuquerque city council passed an ordinance on Wednesday banning cryptocurrency ATMs and cashier-facilitated virtual currency transactions within city limits. District 1 Councilor Stephanie Telles, who co-sponsored the measure, stated that 90% of crypto ATM transactions in Albuquerque are tied to f

The European Securities and Markets Authority stated in a report published Thursday that the largest prediction market platforms lack the authorization generally required to market and sell event contracts in the EU, while questioning the effectiveness of partial geographic restrictions used by

According to the European Securities and Markets Authority's report published Thursday, the largest prediction market platforms lack the EU authorization generally required to market and sell event contracts in the EU. ESMA questioned the effectiveness of geographic restrictions used by Polymarket a

According to the Financial Services Agency (FSA) of Japan, on September 11, the FSA issued a warning to Bit Hills Inc. for conducting lending business without proper registration. The action is based on the Comprehensive Supervisory Guidelines for Moneylenders and underscores the FSA's commitment to

Blockstream, the Bitcoin infrastructure company behind Liquid Network, announced Friday it will not pay a ransom to recover approximately 598 Bitcoin still held by hackers who exploited the sidechain. The company stated that withholding assets constitutes theft rather than responsible security