Enforcement Actions

According to blockchain researcher ZachXBT on October 20, 2026, over 87% of incoming transaction volume to FreedomXMR on Hyperliquid is linked to suspected illicit activity, with more than $20 million in deposits traced to ransomware payments, hacks and malware. FreedomXMR, which began operating on

According to Salus, on October 21, the Drift Protocol attacker transferred 4,600 ETH to Tornado Cash in 46 transactions worth approximately $11.23 million. The previously dormant wallet had not recorded outflows for about 202 days prior to the transfer. Two tracked wallets have cumulatively

According to on-chain investigator ZachXBT, a cryptocurrency institution was drained of approximately $2.84 million by the North Korea-linked group SquidSquad on October 8 on the BNB Smart Chain (BSC). On October 20, the attackers deposited 1,111.2 ETH into Tornado Cash, withdrew to three

According to Haseeb Qureshi's recent statement, reports claiming Polymarket founder Shayne Coplan misappropriated company funds are 'completely false.' Haseeb noted that Shayne went unpaid during the startup's early phase and that his disclosed expenses, when annualized, equaled a software

Information obtained by the UK's Daily Mail through a Freedom of Information request to the Crown Prosecution Service (CPS) shows that Hok Seng Ling, an aide to the “Bitcoin Queen” Qian Zhimin, has paid the full forfeiture amount of £5,603,305 ordered by the court, plus £1,990 in interest; most of the payment came from the cryptocurrency seized when Ling was arrested. Ling was sentenced to 4 years and 11 months in prison at Southwark Crown Court for money laundering. Hok Seng Ling Case Details:

According to the Supreme People's Procuratorate, on June 15, certain cryptocurrency perpetual contract platforms should be classified as illegal gambling operations and prosecuted under charges of opening casinos. The SPP's theoretical article stated that platforms without external real market

According to The Daily Mail on October 21, Hok Seng Ling, 48, who assisted Qian Zhimin in laundering proceeds from a 5.5-billion-pound fraud scheme, has surrendered 5.6 million pounds to the UK government. A court ordered Ling to forfeit the funds after he pleaded guilty to money laundering

A recent Reuters/Ipsos poll conducted from September 30 to October 5 shows that 69% of Democratic supporters and 61% of Republican supporters oppose betting on election outcomes through prediction markets, with opposition exceeding 60% among supporters of both parties. Meanwhile, 75% of American adults believe that betting on real-world events is essentially gambling, while only 8% hold the opposite view. Reuters Poll Methodology: 4,506 Adults, Margin of Error ±2 Percentage Points The survey was

According to KUTV, Utah Attorney General Derek Brown announced on Tuesday a civil lawsuit against prediction market platform Kalshi and affiliated entities, alleging its online services constitute a public nuisance. The lawsuit was filed in Utah's Third District Court. Brown accused Kalshi of

The US Court of Appeals for the Eighth Circuit heard arguments on October 20 regarding Arkansas's request to vacate a federal injunction blocking state laws that restrict foreign-controlled companies from operating Bitcoin mining operations. The court has not yet issued a final decision. The case c

According to Odaily, prediction market platform Kalshi and two Susquehanna subsidiaries were sued by Utah Attorney General Derek Brown, alleging the firms facilitated illegal gambling through prediction market contracts since 2024. Brown requested the court order the companies to return

Utah Attorney General Derek Brown announced on October 20 that the state filed a civil lawsuit against prediction-market platform Kalshi, its affiliates, and two trading firms tied to Susquehanna, seeking to recover $30 million to $60 million in revenue. Utah accuses the companies of operating

Wallets tied to the April 1 Drift Protocol exploit deposited 25,700 Ethereum, worth about $61.56 million, into Tornado Cash over roughly two hours on Tuesday, according to Arkham Intelligence transfer data. The addresses had been inactive for about two months before the deposits. Arkham data shows t